Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.P.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 capital appreciation. 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 > BBD just transitioned to a growth company

<< Previous

Bullboard Posts

Next >>

Post by flamingogoldon Nov 28, 2022 10:10am

218 Views

Post# 35133569

BBD just transitioned to a growth company

This Defense division announcement just moved the needle to the growth side. Military spending comes with juicy premiums and BBD is now a player in this field. It also alleviates investor fear of buying a company with exposure to only one sector.

<< Previous

Bullboard Posts

Next >>

Silver price predictions: Is the 2024 gold and silver rally just starting?