Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

Financial Services Asset Management

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 on the underlying securities in 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.

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Life & Banc Split Corp

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Post by mousermanon Oct 04, 2024 5:29pm

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Post# 36253981

LBS unit nav to OCT 4 = approx: $19.15

Showing a gain of nearly 20 cents today.. as every holding up and LIfecos did real good.
Commons now carry a value of about $9.15 so trading at a discount of 62 cents , with the last trade @ $8.53 or about 6.7%

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An exploration company focused on uncovering high grade silver in Canada's North