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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TSX:LBS - Post Discussion

Life & Banc Split Corp > OOPS posted on the wrong board. ALL stocks up in LBS

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Post by mouserman on Mar 11, 2021 10:13am

OOPS posted on the wrong board. ALL stocks up in LBS

So if this continues today, LBS should get very close the 19$ UNIT NAV today.
If all the holders of LBS put their sells up at the current NAV, ( APPROX: 8.80 HERE) refusing to sell at a discount, there would be very little on the ask....maybe only shortsellers.

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Comment by navgod on Mar 11, 2021 10:23am

No one is shorting LBS, only sellers are profit takers who aren't really focue on NAV discounts.

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Comment by mouserman on Mar 11, 2021 10:28am

Yeah right you are, there is only a tiny short position being reported on LBS, historically low numbers. It jumped about 9700 shares in the two week period to the end of FEB, but that still is only .07% of the float.

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Life & Banc Split Corp