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 > Brompton updates UNIT NAV @ $16.02

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Post by mouserman on Nov 10, 2023 9:03am

Brompton updates UNIT NAV @ $16.02

SO apparently not as many preferred holders tendered their shares as previously thought, with the latest yield increase for them... SO the net result of the big offering was flat, did not raise the UNIT NAV and did not drop it.

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Comment by mouserman on Nov 10, 2023 12:20pm

As I noted on the OCT 31 updated portfolio ,LBS was sitting on a pile of cash and perhaps the payout to preferreds being cashed in has not been accounted for as yet. So should wait another few weeks for an accurate UNIT NAV for sure..

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Comment by navgod on Nov 14, 2023 8:11am

Final impact of pref offering and pref retraction should be reveled in this Thursday's (Nov.16) NAV report.Will admit defeat if there isn't a 12-13 cent negative impact on NAV. Now have a significant short 33K. GLTA

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