Rank Life Banc Split Corp Preferreds  https://canadianpreferredshares.ca/rank-life-banc-split-corp-preferreds/


Rank Life Banc Split Corp Preferreds

This compare tool allows you to Rank Life Banc Split Corp Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Life Banc Split Corp preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

Life Banc Split Corp Brief Overview

Visit the Life Banc Split Corp company website to see the preferred share prospectus, news and other information.

Sector: Split Share
Main Features of this Spit Share Instument:

  1. Life & Banc Split Corp. is an Instrument investing in common shares Approximately equal weight portfolio of Canada’s four largest publicly-listed life insurance companies (“LifeCos�) and the “Big Six� banks.
  2. Canadian LifeCos and Banks have historically delivered strong positive returns during periods of rising long-term interest rates
  3. Preferrreds: 5-year term, subject to extension for periods of up to five years, as determined by the board of directors
  4. Preferrreds: Quarterly cumulative preferred distributions (primarily eligible Canadian dividends)
  5. Preferrreds: Dividend resets at end-of-term extension, based on comparable market yields, without complicated reset formulas
  6. Preferrreds: Shareholder’s option to redeem at end-of-term, with no restrictions.
NOTE: THIS IS A SPLIT SHARE INSTRUMENT BY "Brompton FUNDS"

Life & Banc Split Corp offers two type of shares,

  1. Class A shares that pay monthly distributions representing a yield of 16.67%(Jan 03, 2021) per annum on the issue price
  2. Preferred shares that pay a quarterly distribution representing a yield of 5.27% per annum on the issue price of $10.00

The latest information and statistics on their common stock LBS, can be easily accessed using websites like TMX Money.

Dividend Payment Schedule: 2021MAR15 , 2021JUN15 , 2021SEP15 , 2021DEC16

Ex Dividend Date Schedule: 2021JAN15 , 2021APR15 , 2021JUL15 , 2021OCT15

 

Life Banc Split Corp Credit Rating

The latest credit rating for Life Banc Split Corp are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
PFD-3L



 
 

Rank Life Banc Split Corp Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
  3. Blended (Yield | Dividend).
  4. Rate Increase Percent.
  5. Rate Increase To Value.
  6. New Spread increase. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
  7. New Spread Value.
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment. How many years will it take for the initial investment to double.
  11. Outstanding float.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data Jan-22 19:14, Model Metrics Jan-22 19:16
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
LBS-A LBS.PR.A CA53184C1187 $10.21$10.50$6.76split share + 5.27%05.34% $0.5450Life_&_Banc_Split_Corp_5.27%

Here is a video by “Passive Income Investing” explaining LBS and DFN split shares

Rank E Split Corp Preferreds - https://canadianpreferredshares.ca/

Additional Information

Continue to Rank Life Banc Split Corp Preferreds  page 2 of 2 where you can find

  1. Graph of all preferred share yields
  2. Propsectus Information
  3. Consolidated Short Position Reports for each Life Banc Split Corp Preferred