Life & Banc Split Corp. filed a prospectus supplement dated January 12, 2026, for an at-the-market distribution of up to $250 million in Preferred Shares and $250 million in Class A Shares. The mutual fund corporation, managed by Brompton Funds Limited, invests on an equally weighted basis in common shares of Canada's six largest banks and four major publicly traded life insurance companies.

RBC Dominion Securities Inc. serves as the sole agent, receiving compensation of up to 2.5% of the gross sales price per share sold. The shares will be distributed at prevailing market prices on the Toronto Stock Exchange, where the Preferred Shares and Class A Shares trade under symbols LBS.PR.A and LBS, respectively. As of January 9, 2026, Preferred Shares closed at $10.74 and Class A Shares at $12.12, with a net asset value per unit of $23.33.

Osler, Hoskin & Harcourt LLP acts as legal counsel to the Company, while Stikeman Elliott LLP represents the Agent. The offering follows significant 2024 capital raising activity, including a $96.4 million at-the-market offering and two public offerings totaling approximately $64.1 million. The Company's maturity date is October 30, 2028, subject to potential extension by the Board of Directors. Total offering expenses, excluding agent commissions, are estimated at approximately $165,000.