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 > Any insights here

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Post by Donwaan on Aug 29, 2023 11:14pm

Any insights here

Banks and lifecos are both up since the last update and yet LBS limped into ex-div despite a reasonable valuation.

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Comment by mouserman on Aug 30, 2023 9:51am

I suspect some are factoring in the higher payouts to preferreds coming up for LBS. However most of the Quadravest preferreds have a higher %yield than what Brompton set LBS preferreds at.

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Comment by mouserman on Aug 31, 2023 9:21am

Maybe this article provides some insight into why these banking Split fund s are heading lower... https://stockhouse.com/news/the-market-herald-news/2023/08/31/most-canada-s-big-banks-report-q3-income-loss-how-did-cibc-fare

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