CORRECTION -- Life & Banc Split Corp. Announces Class A Share Split and an Increase to Total Distributions

Executive Summary

• Life & Banc Split Corp. announced a corrected schedule for its Class A share split, now effective on October 27, 2025 (previously misstated as October 28).
• Each shareholder of record on October 27 will receive 10 additional Class A shares for every 100 held, representing an approximate 10% increase in the dollar amount of monthly cash distributions.
• The split is subject to TSX approval, is non‑taxable, and maintains the Fund’s targeted $0.10 per share monthly distribution after the split.

Key Details

• Corrected Effective Date: Class A shares will commence trading on an ex‑split basis at the opening of trading on October 27, 2025 (previously misstated as October 28).
• Split Ratio: 10 additional Class A shares for every 100 Class A shares held (≈10% increase).
• Record Date: Shareholders of record at close of business on October 27, 2025 will receive the additional shares.
• Distribution Impact: Monthly cash distributions targeted at $0.10 per share will increase in total dollar amount by roughly 10% due to the higher share count.
• TSX Approval: The split is pending approval from the Toronto Stock Exchange.
• Non‑Taxable Event: The share split does not create a taxable event for shareholders.
• Distribution Reinvestment Plan (DRIP): Remains available on a commission‑free basis, allowing shareholders to reinvest cash distributions.
• Performance Highlights (for context): Over the past 10 years, Class A shares delivered a 20.5% annual total return, outperforming relevant TSX indices by 6.8–8.7% per annum.

Notable Quotes

(No direct quotes were provided in the release.)