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Life & Banc Split (TSX:LBS.PR.A) Cash Receipts from Loans


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What is Life & Banc Split Cash Receipts from Loans?

Cash Receipts from Loans only applicable to companies reporting Cash Flow from Operations in direct method.


Life & Banc Split (TSX:LBS.PR.A) Business Description

Traded in Other Exchanges
Address
181 Bay Street, Brookfield Place, Suite 2930, P.O. Box 793, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3
Life & Banc Split Corp is a mutual fund company. Its 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. Primarily, it invests in a portfolio comprising of common shares of Canadian banks and publicly traded Canadian life insurance companies.