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

Core Viewpoint - Life & Banc Split Corp. is planning a stock split of its class A shares due to strong performance, with the split expected to take effect on October 27, 2025 [1][4]. Group 1: Stock Split Details - Class A shareholders will receive 10 additional class A shares for every 100 shares held as part of the stock split [1]. - The stock split is subject to approval from the Toronto Stock Exchange [1]. - The stock split is a non-taxable event, and no fractional shares will be issued [4]. Group 2: Shareholder Benefits - Following the stock split, class A shareholders will continue to receive monthly cash distributions targeted at $0.10 per share, leading to an expected increase of approximately 10% in total distributions [2]. - The Fund offers a distribution reinvestment plan for class A shareholders to reinvest distributions without commission [2]. Group 3: Performance Metrics - Over the past 10 years, class A shares have delivered a total return of 20.5% per annum, outperforming the S&P/TSX Capped Financials Total Return Index by 6.8% and the S&P/TSX Composite Total Return Index by 8.7% [3]. - Since inception, class A shareholders have received cash distributions totaling $20.95 per share [3]. Group 4: Fund Composition - The Fund invests equally in common shares of the six largest Canadian banks and four major publicly traded Canadian life insurance companies [5]. - The portfolio includes notable institutions such as the Royal Bank of Canada and Manulife Financial Corporation [5]. Group 5: Risk Mitigation - Preferred shares of the Fund are expected to have downside protection of approximately 52% against declines in the value of the Fund's portfolio [4].