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.

TSX:LBS - Post by User

Life & Banc Split Corp

<< Previous

Bullboard Posts

Next >>

(5307)
•••

Post by mousermanon Dec 18, 2024 8:26am

94 Views

Post# 36367689

LBS unit nav to DEC 17 = $20.16

Spreadsheet showing a loss of 10 cents since the DEC 12 update .. that values the common shares @$10.16... and with the last trade @ $9.03 the discount is $1.13 or about 11.1% FTN only one i see higher at 12.33% discount and has a higher yield.

<< Previous

Bullboard Posts

Next >>

A new NASDAQ listing for a key player in the global critical minerals space