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 >>

(5154)
•••

Post by mousermanon Jan 23, 2025 4:29pm

137 Views

Post# 36417775

LBS unit nav to Jan 23 = approx; $19.94

Spreadsheet showing a gain of about 11 cents since Jan 16 .. update.
Last sale at $8.96 leaves the discount at 98 cents. or about 9.85 % before dist.
There are other plays paying a higher yield that have much bigger discounts.

<< Previous

Bullboard Posts

Next >>

Building value through discovery in Mexico’s silver heartland