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About the company
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 Value per Class A share. To achieve these objectives, the Fund invests in a portfolio comprised of common shares of approximately six Canadian banks and four publicly traded Canadian life insurance companies. The Fund also writes covered call options on the underlying securities in the portfolio to generate additional distributable income for the Fund and/or to reduce the volatility of the Fund. The Fund's investment manager is Brompton Funds Limited.
- Revenue in CAD (TTM)282.51m
- Net income in CAD240.11m
- Incorporated2006
- Employees--
- LocationLife & Banc Split Corp181 Bay StreetBrookfield Place, Box 793 2930TORONTO M5J 2T3CanadaCAN
- Phone+1 (416) 642-6000
- Fax+1 (416) 642-6001
