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

Next >>

Post by mousermanon Nov 12, 2024 8:07am

93 Views

Post# 36307890

LBS unit nav to nov 11 = Approx: $19.95

Pullback end of day in some of the holdings dropped the gain in UNIT NAV to 3 cents since thursday from the gains earlier in the day.
Commons valued at $9.95 here and the last trade at $9.11 means the discount is 84 cents or about...8.45%.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant