Life & Banc Split Corp A 2006-29.11.18 Ext to 30.10.23 Further Ext to 30.10.28
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- Life & Banc Split Corp. (TSX: LBS, LBS.PR.A) operates as a closed-end split share investment corporation that holds an equally weighted portfolio of common shares from Canada's six largest 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 four major life insurance companies, including Manulife Financial Corp., Sun Life Financial Inc., Great-West Lifeco Inc., and iA Financial Corporation Inc.; it issues Class A shares, which offer monthly cash distributions targeting $0.10 per share and leveraged capital appreciation potential, and Preferred shares (LBS.PR.A), which provide fixed cumulative quarterly preferential dividends and priority capital repayment upon termination. Managed by Brompton Funds Limited since its formation on September 6, 2006, and headquartered in Toronto, the corporation focuses on the Canadian financial sector to deliver high income and growth for Class A holders while prioritizing stability for Preferred shareholders, with portfolio exposure as of October 31, 2025, showing approximately 10% weighting per constituent and 1.4% cash. In October 2025, the corporation announces a 10% Class A share split for shareholders of record on October 27, 2025, subject to Toronto Stock Exchange approval, alongside an increase in total distributions to enhance accessibility amid strong historical performance of 20.5% annualized total return over the past 10 years for Class A shares on a net asset value basis; it maintains monthly distributions of CAD 0.10 per Class A share through December 2025 and offers a commission-free distribution reinvestment plan.
Company News
Brompton Funds Declares Split Share Fund Distributions
Life & Banc Split Corp. Completes Preferred Share Offering
Life & Banc Split Corp. Announces Successful Preferred Share Offering
Brompton Funds Declares Split Share Fund Distributions
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
Brompton Funds Declares Split Share Fund Distributions
Life & Banc Split Corp. Announces Class A Share Split and an Increase to Total Distributions
Brompton Funds Declares Split Share Fund Distributions
Brompton Funds Declares Split Share Fund 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