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.

TSX:LBS - Post by User

Life & Banc Split Corp

<< Previous

Bullboard Posts

Next >>

(5164)
•••

Post by mousermanon Oct 11, 2024 5:05pm

164 Views

Post# 36263358

LBS unit nav to OCT 11 = approx: $19.21

Showing a gain of about 15 cents since the udpated number this morning from Brompton. LBS common shares have a value of $9.21 here.. and with the last sale @ $8.65 the discount would be 56 cents , or about 6%.

<< Previous

Bullboard Posts

Next >>

Almonty Industries: The NASDAQ countdown is on! Everyone wants a piece of the Tungsten Gem!