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.

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Life & Banc Split Corp

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Post by mousermanon Feb 19, 2025 12:08pm

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Post# 36459558

Quadravest updated LBS UNit nav to $19.57 feb 13

Seems the spreadsheet was close.. I note now that Brompton seems to have a lot more faith in IAG than Quadravest. ONLY 1 fund in quadravest holds IAG, and that is LFE.
Where as most if not all of the financial funds in Brompton hold IAG, and in fact it is a top holding in LBS and LCS. DGS it is a top 20 holding, and SBC has it as well.
Since the update feb 13 th IAG is up 8%. Of course makes the biggest difference to LCS, which has IAG at 27% of the fund.

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