Life & Banc Split Corp T.LBS

LBS UNIT NAV to May 11= approx: $ 18.37

[mouserman]

Started looking for safer split funds to invest in, and LBS now back up to a yield of about 12.8% and that beats inflation by a little bit. However LBS has lost about 45 cents of the UNIT NAV since the thrusday update @ $18.82
So commons would have a value of $8.37 at the close today, and the premium is just over a buck. Or about 12%.

[Obscure1]

Thanks for the update Mouserman A couple of questions if you may. 1) What leverage multiple do you use for your NAV calculation?  ENS's leverage is about 1.6 2) Have you figured out a trigger point for the premium to the NAV where Brompton initates a Raise?  If so, are you willing to share the info? TIA.

[RusticHit]

will wait for 8.50 as lots of premium in this and banks taking hits again

[RusticHit]

manulife taking big hit and they have 10% of protofolio Nav will take big hit

[PileOfShit]

This post has been removed in accordance with Community Policy

[Obscure1]

Thanks PoS.  Appreciate your input.  I know you have done your legwork as I have seen your NAV updates before. I'm too lazy to do the spreadsheet as my investment in LBS is passive.