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 31 = approx: $19.13 before dist.

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Post by mouserman on Oct 31, 2024 4:20pm

LBS unit nav to OCT 31 = approx: $19.13 before dist.

So after dist to commons the , the value of LBS is $9.03. Last trade @ $8.48 seems a bit excessive, but obviously not a lot of good news for the CAD financial stocks. Discount is 55 cents , or about 6%

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Comment by rixpix on Oct 31, 2024 5:53pm

Looking to load up on this one but contemplating whether I do it now, or hold off until tax loss season.

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Comment by EdPaquette on Oct 31, 2024 7:21pm

Hi Rixpix: as always the market can rise or fall from here. If it rises, it may go up 1% per month, but there are significant excesses building maybe even a bubble if you look at p/e or cape. Personally I'm 100% in preferreds now.

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Life & Banc Split Corp