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Life & Banc Split Corp. raises $76.4M in preferred shares offering at 6.9% yield, closing April 30, 2026.

Company Fundamentals
23 Apr 2026
Newsfile Corp
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Bullish
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Life & Banc Split Corp. announced a successful preferred shares offering, raising approximately $76.4 million at a price of $10.50 per share with a 6.9% yield. The offering is expected to close around April 30, 2026, and includes an over-allotment option allowing agents to purchase up to 15% additional shares. The Fund invests equally in major Canadian banks and life insurance companies, providing diversified exposure. This capital raise supports the Fund's income and growth strategies amid varying market conditions.

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