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

<< Previous

Bullboard Posts

Post by mousermanon Nov 08, 2024 9:18am

30 Views

Post# 36302891

LBS reports UNIT NAV to Nov 7 @ $19.92

Still a great gain in the past week. but i suspect some covered calls got taken out on the big jump in the lifecos.. especially MFC and IAG.
LBS commons have a value of $9.92 here and the last trade @ $8.83 , still leaves a huge discount of over a dollar.

<< Previous

Bullboard Posts

Rich TV Live's Stocks to Watch this week (Nov. 8, 2024)