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 29 = approx; $18.23

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Post by mouserman on Aug 29, 2024 4:19pm

LBS Unit Nav to aug 29 = approx; $18.23

Spreadsheet showing a gain of just over 38 cents .. so commons now valued @$8.13 after paying to commons. Last trade @ $7.87 means a discount of 26 cents or about 3%.

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Comment by ol_griz on Aug 30, 2024 9:49am

Curious. Why such a gap? Usually at a premium.

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Comment by mouserman on Aug 30, 2024 4:24pm

Ya got me there... big discount now for LBS and i can I can only guess many split fund traders are opting for higher risk/higher rewards plays like LFE, DF, AND DFN just to name a few.. Very few split fund commons trading at a premium today, and I believe BK would be the ONLY 1 of those i follow.

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Life & Banc Split Corp