![]() ![]() ![]() An investment fund must prepare disclosure documents that contain key information about the fund. There are ongoing fees and expenses associated with owning shares of an investment fund. ![]() If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the Company and may receive less than the current net asset value when selling them. You will usually pay brokerage fees to your dealer if you purchase or sell shares of the Company on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). Yield to maturity for the Preferred Share is based on maturity date of October 30, 2023. No cash distributions will be paid on the Class A Shares if, after the payment of a cash distribution by the Company, the net asset value per Unit (consisting of 1 Class A Share and 1 Preferred Share) would be less than $15.00. (1) The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (“Unit”) prior to the date of the offering, as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering. The Class A Shares were offered at a price of $8.65 per Class A Share for a distribution rate of 13.9% on the issue price, and the Preferred Shares were offered at a price of $10.00 per Preferred Share for a yield to maturity of 5.6%. The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange under the existing symbols LBS (Class A Shares) and LBS.PR.A (Preferred Shares). (the “Company”) is pleased to announce that it has completed a treasury offering of class A shares and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively) for aggregate gross proceeds of approximately $43.3 million. TORONTO, J(GLOBE NEWSWIRE) - (TSX: LBS, LBS.PR.A) Life & Banc Split Corp. newswire services or for dissemination in the United States. ![]()
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