Life & Banc Split Corp.
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- Life & Banc Split Corp. is a Canadian split share corporation that provides investors with exposure to a portfolio of common shares from the six largest Canadian banks, including Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, and National Bank of Canada, and the four largest publicly traded Canadian life insurance companies, including Manulife Financial Corporation, Sun Life Financial Inc., Great-West Lifeco Inc., and iA Financial Corporation Inc.; it issues Class A shares, which participate in the portfolio's capital appreciation and receive regular monthly cash distributions targeted at $0.10 per share, and Preferred shares, which offer fixed cumulative monthly dividends with priority on capital repayment upon termination. The corporation, founded in 2006 and managed by Brompton Funds Limited from its headquarters in Toronto, Ontario, operates primarily in the Canadian public equity markets, targeting fixed-income-seeking and growth-oriented investors through its split share structure that enhances yield and downside protection for Preferred shares. In October 2025, Life & Banc Split Corp. completed a 1-for-10 Class A share split for shareholders of record on October 27, 2025, increasing the total dollar amount of distributions by approximately 10% while maintaining the $0.10 per share monthly target, a move prompted by strong performance with 1-year Class A NAV returns of 58.6% as of October 31, 2025; the portfolio remains approximately equally weighted as of that date, with cash holdings at 1.4% of net assets.
Life & Banc Split Corp. Announces Class a Share Split and an Increase to Total Distributions
Life & Banc Split Corp. Completes Preferred Share Offering
Life & Banc Split Corp. Announces Successful Preferred Share Offering
Life & Banc Split Corp. Announces Class A Share Split and an Increase to Total Distributions
CORRECTION -- Life & Banc Split Corp. Announces Class A Share Split and an Increase to Total Distributions
Life & Banc Split Corp. Announces Class A Share Split and an Increase to Total Distributions
Life & Banc Split Corp. Completes Treasury Offering
Life & Banc Split Corp. Announces Successful Overnight Offering
Life & Banc Split Corp. Completes Treasury Offering
Life & Banc Split Corp. Announces Successful Overnight Offering
Life & Banc Split Corp. Renews At-The-Market Equity Program
Life & Banc Split Corp. Completes Treasury Offering