Life & Banc Split Corp T.LBS

nav 5.46 unit nav 15.50

[marcrobert]

they are still paying.  look at lcs 12 months, it has gone back and forth to under  5 and back north of 6, LCS is weaker and smaller dist, the market will turn, we will get end of year rally lbs will be back to 7.50

[kittymeow]

Where did u get this nav

[mouserman]

UNIT NAV to OCT 27 = approx: $15.27 before distributions. After distributions the commons would have a value of $5.17  as only commons being paid this month. Brompton website  to OCT 26 showing $15.50 as the unit nav, and the  commons are $5.46,   because Brompton prorates the amount of the preferred dist to be paid int the future. They dont take off the distributions to

[Ozzie9661]

5.46 NAV was at a stock price of 6.73. The NAV hasn't been re-calculated for today's drop. Still, I agree that LBS will recover and pay dividends in a couple months.

[mouserman]

Might have to wait for tax-loss selling to abate before the rebound happens...jmho tho I own no LBS at this point and havent for a few months. I have been in preferreds for the majority of my holdings for quite awhile now...