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

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Post by mousermanon Jun 24, 2024 4:38pm

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Post# 36103947

LBS unit nav to June 24 th guess = approx; $16.97

Big day for the banks, and lifecos and LBS jumped up into positive territory gaining over 25 cents since the thursday update. Not taking into account the recent offering, the common shares trade at a premium still , with the last trade @ $7.53.... apparently the market has more faith in CAD banks and lifecos here , with LBS getting a big premium with a smaller distribution than others, like FTN and FFN.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?