The stock of Life & Banc Split Corp. (TSE:LBS) is a huge mover today! About 20,170 shares traded hands. Life & Banc Split Corp. (TSE:LBS) has risen 14.54% since April 22, 2016 and is uptrending. It has outperformed by 8.53% the S&P500.
The move comes after 5 months negative chart setup for the $174.87 million company. It was reported on Nov, 28 by Barchart.com. We have $8.76 PT which if reached, will make TSE:LBS worth $10.49 million less.
More important recent Life & Banc Split Corp. (TSE:LBS) news were published by: Marketwired.com which released: “Life & Banc Split Corp. Announces Treasury Offering” on March 20, 2015, also Marketwired.com published article titled: “Brompton Funds Provides Analysis of Rate Reset Preferred Shares”, Marketwired.com published: “Brompton Funds Declare Distributions” on October 20, 2016. More interesting news about Life & Banc Split Corp. (TSE:LBS) was released by: Business.Financialpost.com and their article: “Opt for dividend half of split-share companies” with publication date: May 18, 2011.
Life & Banc Split Corp. is a mutual fund company. The company has a market cap of $174.87 million. The Fund’s investment objectives are 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 capital appreciation. It currently has negative earnings. The Fund invests in a common share portfolio consisting of the approximately six Canadian banks and over four Canadian life insurance companies on an equally weighted basis at the time of investment.
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