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.

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Life & Banc Split Corp

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Post by mousermanon Aug 14, 2024 10:17am

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Post# 36178372

Lifecos outperforming banks again

So all 4 lifecos have % gains bigger than any of the banks in the fund. And a good thing that the top 4 holdings have 3 lifecos at last report, altho LBS keep a very small % difference between to the top and bottom of the 10 holdings. IAG hitting new alltime highs every other day... will be moving up susbstantially in the holdings , just on gains.

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Changing Europe’s dependency on HREE from China