{"id":24709,"date":"2014-03-16T20:03:43","date_gmt":"2014-03-17T01:03:43","guid":{"rendered":"http:\/\/prefblog.com\/?p=24709"},"modified":"2014-03-16T20:03:43","modified_gmt":"2014-03-17T01:03:43","slug":"lbs-pr-a-13h1-semi-annual-report","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24709","title":{"rendered":"LBS.PR.A 13H1 Semi-Annual Report"},"content":{"rendered":"<p>Life &#038; Banc Split Corp. has released its <a href=\"http:\/\/www.bromptongroup.com\/static\/pdf\/lbs_interim_full.pdf\">Semi-Annual Report to June 30, 2013<\/a>.<\/p>\n<p>Figures of interest are:<\/p>\n<p>MER: 1.03% of the whole unit value, &#8220;excluding the Preferred share distributions and issuance costs&#8221;.<\/p>\n<p>Average Net Assets: We need this to calculate portfolio yield. The Total Assets of the fund at year end was $225.8-million, compared to $234.8-million on June 30, so call it an average of $230-million.<\/p>\n<p>Underlying Portfolio Yield: Income received of $4.736-million divided by average net assets of $230-million, multiplied by two because it&#8217;s semiannual is 4.12%.<\/p>\n<p>Income Coverage: Net investment income of $3.576-million divided by preferred share dividends of $3.582-million is 100%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Life &#038; Banc Split Corp. has released its Semi-Annual Report to June 30, 2013. Figures of interest are: MER: 1.03% of the whole unit value, &#8220;excluding the Preferred share distributions and issuance costs&#8221;. Average Net &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-24709","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24709"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24709\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}