Latest Life Bank & Split (LFBCF) Headlines
Brompton Funds Declare Distributions
Marketwire - Tue Dec 17, 2:50PM CST
(TSX: DGS)(TSX: LBS)(TSX: LBS.PR.A)(TSX: LCS)(TSX: SBC)(TSX: SBC.PR.A) - Brompton Funds announces distributions payable on January 15, 2014 to class A shareholders of record at the close of business on December 31, 2013 for each of the following funds:
IIROC Trade Resumption - Life & Banc Split Corp.
Newsfile Corp - Fri Nov 22, 10:41AM CST
Trading resumes in:
IIROC Trade Halt - Life & Banc Split Corp.
Newsfile Corp - Fri Nov 22, 10:31AM CST
The following issues have been halted by IIROC:
Life & Banc Split Corp. Announces Details of Fund Extension
Marketwire - Wed Aug 14, 1:07PM CDT
At a special meeting held on April 11, 2013, shareholders of Life & Banc Split Corp. ("LBS" or the "Fund") (TSX: LBS) (TSX: LBS.PR.A) approved a special resolution to allow the Board of Directors to extend the term of the Class A Shares and the Preferred Shares for up to 5 years and to determine the distribution rates for the extended term. The Board of Directors is pleased to announce that it has approved a 5 year extension to the term of the Class A Shares and Preferred Shares to November 29, 2018. The Fund was originally scheduled to terminate on November 29, 2013. The distribution rate for the Fund's Preferred Shares for this new 5 year term which commences on November 30, 2013 will be $0.475 per annum paid in equal quarterly amounts. The new Preferred Share distribution rate is based on current market rates for preferred shares with similar terms. The Preferred Share distribution for the quarter ended December 31, 2013 is expected to be $0.12690 per Preferred Share which takes into account the new distribution rate for December and the previous distribution rate for October and November. In addition, the Fund intends to maintain the targeted monthly Class A Share distribution at $0.10 per Class A Share.
Life & Banc Split Corp. Approves Extension
Marketwire - Thu Apr 11, 11:29AM CDT
At a special meeting of preferred and class A shareholders ("Shareholders") of Life & Banc Split Corp. ("LBS") (TSX: LBS)(TSX: LBS.PR.A) held today, Shareholders approved a special resolution to extend the term of LBS for up to 5 years beyond the scheduled termination date of November 29, 2013 and thereafter for successive terms of up to 5 years as determined by the LBS board of directors. Holders of Class A Shares voted approximately 98% in favour of the extension and holders of Preferred Shares voted approximately 99% in favour of the extension. The extension allows Shareholders to continue their investment in LBS' portfolio of common shares of six Canadian banks (Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank) and four Canadian life insurance companies (Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.). Sha
Life & Banc Split Corp. Announces Proposal to Extend Term
Marketwire - Wed Jan 30, 4:10PM CST
(TSX: LBS)(TSX: LBS.PR.A) Life & Banc Split Corp. ("LBS" or the "Fund") is pleased to announce that its board of directors (the "Board") has approved granting shareholders an additional option to allow them to continue their investment in the Fund beyond its currently scheduled termination date of November 29, 2013. The proposed extension will not result in any changes to shareholder redemption rights.
Brompton Funds Declare Distributions
Marketwire - Tue Dec 17, 2:50PM CST
(TSX: DGS)(TSX: LBS)(TSX: LBS.PR.A)(TSX: LCS)(TSX: SBC)(TSX: SBC.PR.A) - Brompton Funds announces distributions payable on January 15, 2014 to class A shareholders of record at the close of business on December 31, 2013 for each of the following funds:
IIROC Trade Resumption - Life & Banc Split Corp.
Newsfile Corp - Fri Nov 22, 10:41AM CST
Trading resumes in:
IIROC Trade Halt - Life & Banc Split Corp.
Newsfile Corp - Fri Nov 22, 10:31AM CST
The following issues have been halted by IIROC:
Life & Banc Split Corp. Announces Details of Fund Extension
Marketwire - Wed Aug 14, 1:07PM CDT
At a special meeting held on April 11, 2013, shareholders of Life & Banc Split Corp. ("LBS" or the "Fund") (TSX: LBS) (TSX: LBS.PR.A) approved a special resolution to allow the Board of Directors to extend the term of the Class A Shares and the Preferred Shares for up to 5 years and to determine the distribution rates for the extended term. The Board of Directors is pleased to announce that it has approved a 5 year extension to the term of the Class A Shares and Preferred Shares to November 29, 2018. The Fund was originally scheduled to terminate on November 29, 2013. The distribution rate for the Fund's Preferred Shares for this new 5 year term which commences on November 30, 2013 will be $0.475 per annum paid in equal quarterly amounts. The new Preferred Share distribution rate is based on current market rates for preferred shares with similar terms. The Preferred Share distribution for the quarter ended December 31, 2013 is expected to be $0.12690 per Preferred Share which takes into account the new distribution rate for December and the previous distribution rate for October and November. In addition, the Fund intends to maintain the targeted monthly Class A Share distribution at $0.10 per Class A Share.
Life & Banc Split Corp. Approves Extension
Marketwire - Thu Apr 11, 11:29AM CDT
At a special meeting of preferred and class A shareholders ("Shareholders") of Life & Banc Split Corp. ("LBS") (TSX: LBS)(TSX: LBS.PR.A) held today, Shareholders approved a special resolution to extend the term of LBS for up to 5 years beyond the scheduled termination date of November 29, 2013 and thereafter for successive terms of up to 5 years as determined by the LBS board of directors. Holders of Class A Shares voted approximately 98% in favour of the extension and holders of Preferred Shares voted approximately 99% in favour of the extension. The extension allows Shareholders to continue their investment in LBS' portfolio of common shares of six Canadian banks (Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank) and four Canadian life insurance companies (Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.). Sha
Life & Banc Split Corp. Announces Proposal to Extend Term
Marketwire - Wed Jan 30, 4:10PM CST
(TSX: LBS)(TSX: LBS.PR.A) Life & Banc Split Corp. ("LBS" or the "Fund") is pleased to announce that its board of directors (the "Board") has approved granting shareholders an additional option to allow them to continue their investment in the Fund beyond its currently scheduled termination date of November 29, 2013. The proposed extension will not result in any changes to shareholder redemption rights.
