Brief: Life & Banc Split announces overnight offering and details of fund extension

Life and Banc Split

25/09/2017 20:21

Sept 25 (Reuters) - Life & Banc Split Corp  LBS.TO : 
    * Life & Banc Split Corp. announces overnight offering and 
details of fund extension 
    * Says undertaking an overnight treasury offering of class 
a and preferred shares 
    * Says Class A shares will be offered at a price of $9.90 
per class a share for a distribution rate of 12.1% on issue 
price 
    * Says sales period for this overnight offering will end at 
9:00 A.M. (ET) on Tuesday September 26, 2017 
    * Says preferred shares will be offered at a price of 
$10.00 per preferred share for a yield to maturity of 4.8% 
    * Says board has approved an extension of maturity date of 
Class A and preferred shares of company for an additional term 
to October 30, 2023 
 
Source text for Eikon:  ID:nCCNYBClma  
Further company coverage:  LBS.TO  
 
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