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 > Brompton updates holdings for LBS

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Post by mousermanon Aug 19, 2024 1:45pm

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Post# 36186310

Brompton updates holdings for LBS

SO it appears some options got taken on MFC, GWO and SLF or they simply sold some to take profits, as they have dropped down in the weightings to 6th ,7th and 8th of the holdings. Climbing to the top are TD and IAG at 10.2%, and CM, RY and NA moved to 3rd ,4th, 5th spot.
Given the run IAG had been on , its not a surprise they have moved to the top. TD was a bit of surprise tho..
today in realtime the NAV has gained 24 cents since the 15th udpate from Brompton.

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