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News  ›  GlobeNewswire Inc.

Life & Banc Split Corp. Renews At-the-Market Equity Program

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Life & Banc Split Corp. Renews At-the-Market Equity Program

Life & Banc Split Corp. has renewed its at-the-market (ATM) equity program, allowing it to issue up to $250 million in Class A and Preferred Shares through the TSX until February 2028. The fund invests in six major Canadian banks and four life insurance companies. Class A Shares have delivered 22.2% annualized returns over 10 years, while Preferred Shares offer 7.25% annual distributions with downside protection.

Insights
WDAY   negative

Complete exit of position suggests loss of confidence or strategic shift


RY   neutral

Mentioned as one of six major Canadian banks in the fund's portfolio. No specific news or performance data provided about the individual bank.