Brief: Life & Banc Split Corp Announces Overnight Offering

Life and Banc Split

11/12/2023 23:10

Dec 11 (Reuters) - Life & Banc Split Corp  LBS.TO :
    * LIFE & BANC SPLIT CORP. ANNOUNCES OVERNIGHT OFFERING
    * LIFE & BANC SPLIT CORP - UNDERTAKING AN OVERNIGHT TREASURY
OFFERING OF CLASS A AND PREFERRED SHARES
    * LIFE & BANC SPLIT CORP - CLASS A SHARES WILL BE OFFERED AT
A
PRICE OF $7.80 PER CLASS A SHARE FOR A DISTRIBUTION RATE OF
15.4% ON ISSUE PRICE
    * LIFE & BANC SPLIT CORP - PREFERRED SHARES WILL BE OFFERED
AT A
PRICE OF $9.80 PER PREFERRED SHARE FOR A YIELD TO MATURITY OF
8.1%

Source text for Eikon:  ID:nCNWW9LL6a 
Further company coverage:  LBS.TO 

 ((Reuters.Briefs@thomsonreuters.com;))