LIFE & BANC SPLIT CORP. ANNOUNCES PREFERRED SHARE OFFERING

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ The sales period for this offering is expected to end on Thursday, April 23, 2026. The offering is expected to close on or about April 30, 2026 and is subject to certain closing conditions including approval by the Toronto Stock Exchange ("TSX"). The Preferred Shares will be offered at a price of $10.50 per Preferred Share to yield 6.9%.(1) The closing price on the TSX for the Preferred Shares on April 21, 2026 was $10.55. The offering is being led by RBC Capital Markets. The investment objectives for the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions, in the amount of $0.18125 per Preferred Share (7.25% per annum on the original $10.00 issue price), and to return the original issue price to holders of Preferred Shares on October 30, 2028. Purchasers of Preferred Shares in this Offering will be eligible to receive the full June 2026 quarterly dividend of $0.18125 per Preferred Share when the dividend is declared. The Fund has declared aggregate dividends on the Preferred Shares of $10.55 per Preferred Share, representing 78 consecutive quarterly dividends since inception on October 17, 2006 to March 31, 2026. Based on the most recently calculated net asset value per unit of the Fund on April 16, 2026, adjusted for the April 20, 2026 stock split of the Fund's class A shares, the Preferred Shares have downside protection from a decline in the value of the Fund's portfolio of approximately 56%. The Preferred Shares are rated Pfd-3 by Morningstar DBRS. The Fund invests on an approximately equally weighted basis, in a portfolio (the "Portfolio") consisting of common shares of the six largest Canadian banks and the four major publicly traded Canadian life insurance companies: About Brompton Funds SOURCE Brompton Life & Banc Split Corp Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.