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 Aug 21, 2024 4:31pm

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Post# 36190670

LBS unit nav to AUg 21 = approx: $17.86

Showing a gain of about 28 cents since the updat to AUG 15th.. I do believe LBS has the 2nd biggest gains in terms of dollars and cents since that date of all the split fund commons i follow. OF course in % and monetary gains it must be LCS... all Lifecos in that one.

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