Life & Banc Split (TSE:LBS) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Life & Banc Split Corp. has announced a successful overnight offering, expecting to raise about $36.2 million from the sale of Class A and Preferred Shares, with the transaction likely to close by June 26, 2024. This offering includes an over-allotment option for agents to purchase additional shares up to 15% of the Class A Shares sold at closing. The Fund’s portfolio comprises leading Canadian banks and life insurance companies and has historically outperformed key financial indices.
For further insights into TSE:LBS stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue