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 . 30 = approx: $19.40

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Post by mouserman on Oct 30, 2024 4:49pm

LBS UNIT NAV to OCt . 30 = approx: $19.40

Showing only a gain of about 4 cents in the past week. Commons would be valued at $9.30 before preferreds are accounted for. Thye are paid quarterly so a few months to go til they get paid. The last trade @ $8.82 leaves the discount at 58 cents or about 6.2%.. LBS and LCS the 2 most discounted split fund commons of those i track. They do pay lower yields tho, and its obvious many are chasing high yields and have disregard for safety or value.