Life & Banc Split Corp. (TSX: LBS, LBS.PR.A) has renewed its at-the-market equity program to issue Class A and Preferred Shares to the public. The shares will be sold through the Toronto Stock Exchange at prevailing market prices. The maximum gross proceeds for each type of share are $250 million. The Class A Shares aim to provide monthly cash distributions of $0.10 per share and growth in net asset value, delivering a 22.2% annual return over the last 10 years. The Preferred Shares offer fixed quarterly cash distributions and have returned 5.8% per annum over the last decade. The program will be effective until February 12, 2028, with proceeds used in line with the Fund’s investment objectives and strategies.

Brompton Funds, founded in 2000, is managing the equity program. The Class A Shares have outperformed the S&P/TSX Capped Financials Index by 7.6% annually and the S&P/TSX Composite Total Return Index by 9.5% annually over the last 10 years. The Preferred Shares provide downside protection of approximately 57% based on the Fund’s portfolio value. Investors can find more information in public filings available at www.sedarplus.ca. Forward-looking statements in the document highlight anticipated financial performance, with the securities not registered under the U.S. Securities Act of 1933.

Read more at GlobeNewswire: Life & Banc Split Corp. Renews At-the-Market Equity