Bullboard - Stock Discussion Forum Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

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... see more

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Life & Banc Split Corp > Adding some more at 6.21 today

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Post by mouserman on Nov 18, 2020 3:36pm

Adding some more at 6.21 today

Dont care why folks are selling, i ignore the noise and buy the bargains.
UNIT NAV for LBS will be very close to 16.60 today...
For those out there that cant do math for themselves.

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Comment by JohnWalker on Nov 18, 2020 5:10pm

I added a few K shares at $6.21 today as well ... good luck to all. I'm really looking forward to reinstatement of dividends this month. As ex-dividend draws near I will re-evaluate how share price is compared to NAV. I'm sitting on a sizeable capital gain on paper and would like to crystalize that gain as I have other year capital losses I can put against it. However if the price is still ...more

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Comment by mouserman on Nov 18, 2020 7:51pm

Well capital losses carry forward. , and most of the action this time of the year is traders /investors selling losers and taking the capital loss, so you dont pay as much tax on the big gains on the year.

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Comment by Litewate101 on Nov 19, 2020 9:58am

When is the ex-dividend date? I have problems finding an exact date.

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Comment by mouserman on Nov 19, 2020 10:31am

I suspect the exdividend date will be very similar to last year , either friday the 27th of NOV, or monday the 30th....but usually they do not use the last day of the month for Ex dividend date.

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