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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 23, 2024 4:27pm
141 Views
Post# 36194012

LBS unit nav to AUg 23 = approx; $18.04

LBS unit nav to AUg 23 = approx; $18.04I have the UNIT NAV gaining 19 cents since yesterday as RY PULLED BACK  later in the day.
Common shares would be valued @ $8.04 before dist... only 10 cents off this month , as Quarterly paid  preferreds were just paid in JULY. Last sale @$7.75 leaves LBS as one of the best buys in financials, as it included  all 4 BIG CAD lifecos. IAG has been on a rip... and the market thinks the rate cut is good for lifecos it seems.
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