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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

Post by mousermanon Aug 14, 2024 3:31pm
413 Views
Post# 36179109

LBS unit nav in realtime @ appprox: $17.48

LBS unit nav in realtime @ appprox: $17.48So since thursday's update. LBS has gained about 48 cents in UNIT NAV. The common shares stock price since thursday? Has gained about 7 cents.... and i find the fact that LBS owns all 4 of the BIG CAD lifecos, (which are outperforming the banks again) means it should be heading up higher, not stagnating .  Very strange markets here, and seems to be the greed factor jumping in again. Big gains for the likes of  LFE ( +3.7%)today, and  FFN (+2.1 %) ANd of course undervalued LCS (up 2.43%)
Two of those are lifeco split funds mainly... and FFN of course US banks, but does own MFC and SLF, and the CAD big 6 banks. Ouside of LCS. the other 2 offer huge yields if they continue to pay from here on up.. So i think stealing some thunder from LBS. I prefer the safety and 15.8% yield is enough for me. Greed is not a good reason to buy.  Yield on LCS is lower at 12.5% or so.. but still very consistent payer of late.
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