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 unit nav to Dec 19 = approx: $17.61

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Comment by Donwaanon Dec 20, 2023 12:20pm

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Post# 35793978

RE:RE:RE:LBS unit nav to Dec 19 = approx: $17.61

Fed insiders appear to have been taken by surprise by a big market uptick last week. Stocks jumped to a record high as giddy investors piled in and long-term rates fell sharply in hopes the central bank would begin to cut interest rates in March. Fed officials, on the other hand, insist its premature to declare victory over inflation or to begin to plot the first rate cut.

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