Life & Banc Corp Announces Share Offering

Life & Banc Split Corp (TSE:LBS) has released an update.

Life & Banc Split Corp. has launched an overnight offering of Class A and Preferred Shares, aiming to close the offer by April 25, 2024, after receiving the necessary approvals, including that from the TSX. The shares are priced at $7.65 and $10.00 respectively, with a goal to provide regular cash distributions and growth potential for holders, while outperforming benchmark indices over the past decade. Brompton Funds, the experienced fund manager behind the offering, highlights the fund’s investment in major Canadian banks and life insurance companies.

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