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 25 = approx: $19.25

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Post by mouserman on Oct 25, 2024 4:22pm

lBS unit nav to OCT 25 = approx: $19.25

Showing a loss of 10 cents today since the updated number this morning.
Last trade today was @ $8.63 and LBS still heavily discounted as the commons would be valued @ $9.15 after distributions are factored in. Works out to 5.6%.. and is the biggest discount amongst the commons i follow. Apparently yield chasing is the play of the day, as DGS, DFN and others are at premiums. Not nearly the safety tho..

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