Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for growth in Net Asset Value per Class A share. To achieve these objectives, the Fund invests in a portfolio comprised of common shares of approximately six Canadian banks and four publicly traded Canadian life insurance companies. The Fund also writes covered call options and cash-covered put options in respect of the portfolio to generate additional distributable income for the Fund and/or to reduce the volatility of the Fund. The Fund's investment manager is Brompton Funds Limited.

TSX:LBS - Post by User

Life & Banc Split Corp > Pecked away at some LBS today

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Dec 14, 2023 4:18pm

81 Views

Post# 35785428

RE:RE:Pecked away at some LBS today

NoShoesNoShirt wrote:
mouserman wrote: Still like the bigger exposure to the lifecos, their profits are NOT going to go down much, certainly not back to the levels of 0% interest for a decade or more. Banks still have some headwinds in 2024 , but for now everything is rosy. FOMO and MOMO have big power.
I have the UNIT NAV today at $17.60 and the offering should bump the NAV up a bit from there, considering the commons were sold for $7.80 in the offering.
what's a momo?

What is momo slang for?

momo (plural momos) (US, slang, derogatory) A moron.

https://en.wiktionary.org › wiki › m...

momo - Wiktionary, the free dictionary

MORE RESULTS

What is the meaning of momos?

Meaning of momo in English

a type of Tibetan, Nepalese, or North Indian dumpling (= a small piece of dough or pastry) that is filled with meat, fish, or vegetables with herbs and spices and cooked in steam: Since we'd come for momo, we ordered three types – veggie, chicken and beef.