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

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Comment by mousermanon Dec 12, 2024 10:09am

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Post# 36358712

RE:LBS unit nav to DEC 10 = approx; $20.29 after dist.

LBS not subject to a retraction but still trading at a significant discount here.. even tho most of the holdings are in the red today. Still much better than paying a premium for DGS, which is not much greener today. DGS is paying to both preferreds and commons, , HUGE payout coming off the NAV ex divvy., and should be reflected in tomorrows update.

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