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

Add To Watchlist

TSX:LBS - Post Discussion

Life & Banc Split Corp > LBS unit nav to AUG 13 = approx: $17.38

View:

Post by mouserman on Aug 13, 2024 4:18pm

LBS unit nav to AUG 13 = approx: $17.38

Showing a gain of about 38 cents since thursday's update.
7.57 was the last trade , so LBS commons are a good deal here...with the lifecos rocketting higher. IAG hit a new 5 year high...

511

Comment

Comment by oldbrit34 on Aug 14, 2024 10:40am

Yes MM I believe LBS is "a good deal here" with a very small premium of around 2.5% and a yield of 15.83%. This year it has traded mainly in a small range between $8.00 and $7.50, so the current price looks attractive. The NAV you mention of $7.38 is pretty solid.

Comment

Life & Banc Split Corp