At a special meeting of preferred and class A shareholders ("Shareholders") of
Life & Banc Split Corp. ("LBS") (TSX:LBS)(TSX:LBS.PR.A) held today, Shareholders
approved a special resolution to extend the term of LBS for up to 5 years beyond
the scheduled termination date of November 29, 2013 and thereafter for
successive terms of up to 5 years as determined by the LBS board of directors.
Holders of Class A Shares voted approximately 98% in favour of the extension and
holders of Preferred Shares voted approximately 99% in favour of the extension.
The extension allows Shareholders to continue their investment in LBS' portfolio
of common shares of six Canadian banks (Bank of Montreal, Canadian Imperial Bank
of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova
Scotia and The Toronto-Dominion Bank) and four Canadian life insurance companies
(Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services
Inc., Manulife Financial Corporation and Sun Life Financial Inc.). Shareholders
will continue to have monthly and annual retraction rights. 


In addition to the daily liquidity provided by the TSX listings, shareholders
who do not wish to continue their investment may redeem either their preferred
shares or class A shares on November 29, 2013 and each extension of the term
thereafter on the same terms that currently exist. LBS will announce the term of
the initial extension by news release no later than October 1, 2013. Further
details are available in the management information circular dated March 11,
2013.


About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund
manager operating since 2002. Brompton is focused on meeting the needs of
investors by offering low cost, innovative products with client friendly terms
and supported by strong corporate governance. For further information, please
contact your investment advisor, call Brompton's investor relations line at
416-642-6000, (toll-free at 1-866-642-6001) email info@bromptongroup.com or
visit our website at www.bromptongroup.com. 


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the fund's publicly filed
documents which are available from SEDAR at www.sedar.com. Investment funds are
not guaranteed, their values change frequently and past performance may not be
repeated.


Certain statements contained in this news release constitute forward-looking
information within the meaning of Canadian securities laws. Forward-looking
information may relate to matters disclosed in this press release and to other
matters identified in public filings relating to the Fund, to the future outlook
of the Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. In some cases,
forward-looking information can be identified by terms such as "may", "will",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"predict", "potential", "continue" or other similar expressions concerning
matters that are not historical facts. Actual results may vary from such
forward-looking information. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brompton Funds
Investor Relations
416-642-6000 or toll-free at 1-866-642-6001
info@bromptongroup.com
www.bromptongroup.com
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