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 > LBS vs. FTN NAV

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Comment by mousermanon Dec 15, 2023 2:57pm

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Post# 35787268

RE:LBS vs. FTN NAV

Yes the US banks got a great run... however it was probably a bit premature.
Today the CAD rising more vs the USD, and FTN 's holdings have very little green.
The interest rates staying higher for longer benefits lifecos more than banks, and yet the lifecos selling off more than the banks. I suspect that will turn around soon again.
Recent offering gives LBS a lot of capital to put in the holdings here soon, and a ffew days of pullbacks will give them a good buying zone.
FTN trading at a discount gives them no hope of an offering, but Quadravest loves the ATM for selling shares from the treasury so that may be happeninig right now.

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A PGM mining stock with value written all over it