NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Life & Banc Split Corp. (TSX:LBS)(TSX:LBS.PR.A) (the "Company") is pleased to
announce that it has completed a treasury offering of 1,568,650 class A shares
and 3,290,727 preferred shares for aggregate gross proceeds of approximately
$49.4 million. The class A shares and preferred shares will continue to trade on
the Toronto Stock Exchange under the existing symbols LBS and LBS.PR.A
respectively.


The Company's treasury offering was priced at $10.31 per class A share and
$10.09 per preferred share. The final class A share and preferred share offering
prices were determined so as to be non-dilutive to the most recent calculated
net asset value per unit of the Company on November 21, 2013, as adjusted for
dividends and certain expenses accrued prior to or upon settlement of the
offering and payment of certain costs of the offering by the Manager.


Life & Banc Split Corp. invests in a portfolio of common shares of the six
largest Canadian banks ("Banks") and the four major publicly traded Canadian
life insurance companies ("Lifecos"). Currently, the portfolio consists of
common shares of the following Banks and Lifecos:




The Bank of Nova Scotia             Royal Bank of Canada                    
National Bank of Canada             Industrial Alliance Insurance and       
                                    Financial Services Inc.                 
The Toronto-Dominion Bank           Great-West Lifeco Inc.                  
Canadian Imperial Bank of Commerce  Manulife Financial Corporation          
Bank of Montreal                    Sun Life Financial Inc.                 



The syndicate of agents for the offering was led by RBC Capital Markets, CIBC,
Scotiabank, and TD Securities Inc., and included BMO Capital Markets, National
Bank Financial Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity
Corp., Desjardins Securities Inc., Dundee Securities Ltd., and Mackie Research
Capital Corporation.


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 Company'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 news release and to other
matters identified in public filings relating to the Company, to the future
outlook of the Company and anticipated events or results and may include
statements regarding the future financial performance of the Company. 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.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or any applicable exemption from the registration requirements.
This news release does not constitute an offer to sell or the solicitation of an
offer to buy securities nor will there be any sale of such securities in any
state in which such offer, solicitation or sale would be unlawful.


This offering is only made by prospectus. A prospectus containing important
detailed information about the securities being offered has been filed. Copies
of the prospectus may be obtained from any of the above-mentioned agents.
Investors should read the prospectus before making an investment decision.


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
Life and Banc Split (TSX:LBS.PR.A)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Life and Banc Split Charts.
Life and Banc Split (TSX:LBS.PR.A)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Life and Banc Split Charts.