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 OCT 02 = approx; $18.13 after dist

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Post by mouserman on Oct 02, 2024 4:50pm

LBS unit nav to OCT 02 = approx; $18.13 after dist

Spreadsheet is showing a loss of 2 cents since the update on thrusday , which showed the UNIT NAV @ $18.25.. and after accounting for common share distributions the commons would be worth $8.13.
Last sale for LBS was $8.50 and so trading at a discount of 63 cents. LCS has passed LBS in UNIT NAV value, and a sign that lifecos have outperformed the CAD banks by quite a margin in 2024.

100

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Comment by Stoiklaugh on Oct 02, 2024 4:59pm

18 or 19 ?

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Comment by mouserman on Oct 03, 2024 10:53am

Sorry yes , a fatfinger mistake there. OCT 02 should be $19.17 UNIT NAV after distributions to common shares. Not sure where that number came from...lol

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Life & Banc Split Corp