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 FEB 14 = approx: $7.22

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Comment by oldbrit34on Feb 15, 2024 5:19pm

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Post# 35882937

RE:RE:LBS unit nav to FEB 14 = approx: $7.22

Opened at $7.72 and reached a high of $7.80 at 10am. So far so good but then fell away. It really bucked the split trend today and was the only one of those I follow in the red. But the premium will have narrowed which is good. Looking at the charts from mid november 2023 it does seem it has been difficult to move the needle much on LBS

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