Life & Banc Split (TSE:LBS) has released an update.
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Life & Banc Split Corp. successfully completed a treasury offering, raising $36.2 million through the sale of Class A and Preferred Shares, which will continue to trade on the Toronto Stock Exchange. The Class A Shares offer a 15.9% distribution rate, while the Preferred Shares yield 7.3% to maturity. Over the past decade, both share types have outperformed their respective indices, highlighting the fund’s strong performance.
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