Life & Banc Split Corp. to Boost Distributions with 10-for-1 Stock Split
Life & Banc Split Corp. (TSX: LBS) has announced its intention to split its class A shares, a move expected to benefit shareholders and boost distributions. The company aims to complete the stock split on October 28, 2025, subject to Toronto Stock Exchange approval. Class A shareholders will receive 10 additional shares for every 100 held, with no fractional shares issued. The record date for the split is October 27, 2025. Following the split, class A shareholders will continue to receive monthly cash distributions of $0.10 per share. The total dollar amount of these distributions is expected to increase by approximately 10%. This is a significant boost, given that class A shares have delivered a 20.5% per annum total return over the last decade. The Share Split also offers downside protection. Preferred shares are expected to be shielded from a 52% decline in the Fund's portfolio value. Moreover, a commission-free distribution reinvestment plan is available for those wishing to reinvest distributions and benefit from compound growth. Life & Banc Split Corp.'s class A share split, if approved, promises enhanced distributions and downside protection. Shareholders can look forward to increased monthly payouts and a reinvestment plan, further bolstering the Fund's appeal.
