Brief: Life & Banc Announces Overnight Offering Of Class A, Preferred Shares

Life and Banc Split

19/11/2018 20:26

Nov 19 (Reuters) - Life & Banc Split Corp  LBS.TO :
    * LIFE & BANC SPLIT CORP. ANNOUNCES OVERNIGHT OFFERING
    * UNDERTAKING AN OVERNIGHT TREASURY OFFERING OF CLASS A AND
PREFERRED SHARES
    * OFFERING UP TO 3.7 MILLION PREFERRED SHARES ON AN
UNMATCHED
BASIS.
    * CLASS A SHARES WILL BE OFFERED AT A PRICE OF $8.08 PER
CLASS A
SHARE FOR A DISTRIBUTION RATE OF 14.8% ON ISSUE PRICE
    * PREFERRED SHARES WILL BE OFFERED AT A PRICE OF $10.00 PER
PREFERRED SHARE FOR A YIELD TO MATURITY OF 5.6%

Source text for Eikon:  ID:nCNWzpN6Wa 
Further company coverage:  LBS.TO 

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