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 UNIT NAV in realtime showing $16.88

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Post by mouserman on Sep 07, 2023 9:59am

LBS UNIT NAV in realtime showing $16.88

SO with the recent sellofff, those selling have ingored that fact that the 4 lifecos make up 4 of the top 5 holdings in LBS and all are up since the AUG 31 update.
SO UNIT NAV has risen by over 6 cents since that time, while the share price of the LBS commons has dropped from $8.06 on AUG 31 to the current price of $7.57, a loss of 49 cents or about a 6% harircut.
Not as bad as the FTN selloff , but still a bit shocking for longs. Premium now right around 10% for LBS

192

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Comment by navgod on Sep 07, 2023 10:14am

Another factor is the uncertainy around the impact of the extension at the end of Oct. I have stayed away for this reason despite the relativily attactive trading levels. GLTA

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Life & Banc Split Corp