Life & Banc Split Corp T.LBS

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

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 Dec 10, 2024 10:26am

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Post# 36354582

LBS changes updated

Noticed when i checked back again that the top holding last update was CM, and this update showed IAG, even tho the date at the top still said OCt 31... so went thru and looked at all the % changed.
So will give a new UNIT NAV update after the close,

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