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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

TSX:LBS - Post Discussion

Life & Banc Split Corp > LBS.PR.A reset rate?
View:
Post by HermannHaller on Aug 28, 2023 4:23pm

LBS.PR.A reset rate?

Brompton should announce the new rate within the next week. Currently 5.5%, I'm hoping it gets close to 8%. They basically get to decide the rate, but should be based on what similar prefs are currently yielding.

Any bets on the new rate?
Comment by Mmb060 on Aug 29, 2023 8:32am
Yep, 7.5%
Comment by Stwatcher2 on Aug 29, 2023 8:45am
pretty good rate I think
Life & Banc Split Corp
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