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 to AUG 6 = approx: $16.55

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Post by mouserman on Aug 06, 2024 4:32pm

LBS unit nav to AUG 6 = approx: $16.55

SHowing a loss of 70 cents since AUG 1 update. LBS last trade was @ $7.47 , which creates one of the biggest premiums currently in the split funds. Commons have a value of $6.55 before dist, are factored in to preferreds.
Premium would be 92 cents , or about 14%.

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