Bullboard - Stock Discussion Forum Life & Banc Split Corp T.LBS

Alternate Symbol(s): T.LBS.P.A | LFBCF

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital... see more

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Life & Banc Split Corp > New Press Release - Life & Banc Split Corp. Announces Preferred Share Distribution Rate

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Post by PressRelease on Aug 28, 2023 5:06pm

New Press Release - Life & Banc Split Corp. Announces Preferred Share Distribution Rate

TORONTO, Aug. 28, 2023 (GLOBE NEWSWIRE) -- (TSX:LBS,LBS.PR.A) Life & Banc Split Corp. (the “Fund”) announces that the preferred share (the “Preferred Shares”) distribution rate for the new 5-year term from October 31, 2023 to October 30, 2028 will be $0.725 per annum (7.25% on the par value of...read article.

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Comment by marcrobert on Aug 29, 2023 4:14pm

18.1 cents more per share for prefs per year, that's $6.63 million less cash available for the A shares, so even more share sales and ROC in the cards it seems

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Life & Banc Split Corp