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

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Post by mousermanon Apr 24, 2025 11:52am

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Post# 36549793

LBS unit nav on realtime @ $18.90

So had a look this morning and LBS one of the split funds commons in the red. Obviously value and safety are NOT a big issue these days. Last sale at 8.43 means the Commons are trading at a discount even after distributions are factored in. Apparently just over 14 % yield is unacceptable.
LBS unit nav has GAINED 47 cents in the last week, and most of that today.

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