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 > LBS bounces back, UNIT NAV Aug 23 now $17.22

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Post by mouserman on Aug 23, 2023 7:09pm

LBS bounces back, UNIT NAV Aug 23 now $17.22

So the loss since the 17th of AUG now comes in 26 cents , and with the last trade @ $8.32, the premium has shrunk to 16.8%, after distributions to commons. Likely the next best valuation of those paying to commons behind LCS. LCS is trading right at NAV with one day left until the calculation date for Brompton.

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Comment by marcrobert on Aug 24, 2023 11:43am

Is lcs worth the risk, with the lower distribution. Personally I wouldn't touch it at ths level. it hit 3 a year ago, I only see it as a capital gain vehicle,. not yield

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Comment by mouserman on Aug 24, 2023 11:53am

LCS was worth the risk when i bought and was my biggest gainer in the past year, and now will have dished out 8 consecutive distributions. Despite the monetary payout, the yield on LCS is now over 17% at my latest buys average cost , of around $5.10 , and that beats LBS yield by about 3 % at todays price. I have been buying LBS at its beaten down prices and low premium as ...more

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Life & Banc Split Corp