Life & Banc Split Corp (TSE:LBS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Life & Banc Split Corp. has successfully completed a treasury offering, raising $27.9 million through the sale of Class A and Preferred Shares on the Toronto Stock Exchange. The Class A Shares were sold at $7.65 each with a 15.7% distribution rate, while the Preferred Shares were priced at $10.00 each, offering a 7.4% yield to maturity. The offering was led by a syndicate of agents including major firms like RBC and CIBC, and the fund’s investments are comprised of shares from top Canadian banks and life insurance companies.
For further insights into TSE:LBS stock, check out TipRanks’ Stock Analysis page.
