CORRECTION — Life & Banc Cut up Corp. Pronounces Class A Share Cut up and an Improve to Whole Distributions

Not for distribution to U.S. newswire companies or for dissemination in the US .

In a information launch disseminated on October 6, 2025, there was a typographical error. The reference to “The category A shares are anticipated to start buying and selling on an ex-split foundation on the opening of buying and selling on October 28, 2025.” ought to have learn “The category A shares are anticipated to start buying and selling on an ex-split foundation on the opening of buying and selling on October 27, 2025.” No different modifications had been made. The corrected launch follows:

(TSX: LBS,OTC:LFBCF, LBS.PR.A) Life & Banc Cut up Corp. (the “Fund”) is happy to announce its intention to finish a inventory cut up of its class A shares (the “Share Cut up”) as a result of Fund’s robust efficiency. Class A shareholders of document on the shut of enterprise on October 27, 2025 will obtain 10 further class A shares for each 100 class A shares held, pursuant to the Share Cut up. The Share Cut up is topic to the approval of the Toronto Inventory Change (the “TSX”).

Class A shareholders will proceed to obtain common month-to-month money distributions focused to be $0.10 per class A share following the Share Cut up. In consequence, the entire greenback quantity of distributions to be paid to class A shareholders is predicted to extend by roughly 10%. The Fund offers a distribution reinvestment plan, on a commission-free foundation for sophistication A shareholders that want to reinvest distributions and understand the advantages of compound progress.

Over the past 10 years, the category A shares have delivered a 20.5% every year whole return based mostly on internet asset worth, outperforming the S&P/TSX Capped Financials Whole Return Index by 6.8% every year and the S&P/TSX Composite Whole Return Index by 8.7% every year. ^{( 1 )} Since inception, class A shareholders have acquired money distributions of $20.95 per share.

Following the completion of the Share Cut up, the popular shares of the Fund are anticipated to have draw back safety from a decline within the worth of the Fund’s portfolio of roughly 52%. ^{( 2 )}

The category A shares are anticipated to start buying and selling on an ex-split foundation on the opening of buying and selling on October 27, 2025. No fractional class A shares shall be issued and the variety of class A shares every holder shall obtain shall be rounded all the way down to the closest entire quantity. The Share Cut up is a non-taxable occasion.

The Fund invests on an roughly equally weighted foundation in a portfolio consisting of frequent shares of the six largest Canadian banks and the 4 main publicly traded Canadian life insurance coverage firms:

About Brompton Funds

Based in 2000, Brompton is an skilled funding fund supervisor with revenue and progress targeted funding options together with exchange-traded funds (ETFs) and different TSX traded funding funds. For additional info, please contact your funding advisor, name Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), e-mail information@bromptongroup.com or go to our web site at www.bromptongroup.com.

^{(1) See Normal Efficiency Information desk under.
(2) Primarily based on the NAV of the Class A shares used to find out the Share Cut up ratio.}

Returns are for the intervals ended September 30, 2025 and are unaudited. Inception date October 17, 2006. The desk reveals the Fund’s compound return on its Class A shares for every interval indicated, in contrast with the S&P/TSX Capped Financials Whole Return Index (‘‘Financials Index”) and the S&P/TSX Composite Whole Return Index (‘‘Composite Index”) (collectively the “Indices”). The Financials Index is derived from the Composite Index based mostly on the financials sector of the World Business Classification Normal. The Composite Index tracks the efficiency, on a market-weight foundation and whole return foundation, of a broad index of large-capitalization issuers listed on the TSX. The Fund is passively managed and consists of 4 Canadian life insurance coverage firms and 6 Canadian banks on an roughly equal-weight foundation; due to this fact, its efficiency will not be anticipated to reflect the efficiency of the Indices which have extra diversified portfolios and embrace considerably bigger variety of firms. Moreover, the Indices’ efficiency is calculated with out the deduction of administration charges, fund bills and buying and selling commissions, whereas the efficiency of the Fund is calculated after deducting such charges and bills. Moreover, the efficiency of the Fund’s Class A shares is impacted by the leverage offered by the Fund’s most popular shares. The efficiency info proven is predicated on internet asset worth per Class A share and assumes that money distributions made by the Fund through the intervals proven had been reinvested at internet asset worth per Class A share in further Class A shares of the Fund. Previous efficiency doesn’t essentially point out how the Fund will carry out sooner or later.

You’ll normally pay brokerage charges to your supplier if you are going to buy or promote shares of the funding funds on the TSX or different various Canadian buying and selling system (an “trade”). If shares are bought or bought on an trade, buyers might pay greater than the present internet asset worth when shopping for shares of the funding fund and will obtain lower than the present internet asset worth when promoting them.

There are ongoing charges and bills related to proudly owning shares of an funding fund. An funding fund should put together disclosure paperwork that comprise key details about the fund. You will discover extra detailed details about the fund within the public filings obtainable at www.sedarplus.ca. The indicated charges of return are the historic annual compounded whole returns together with modifications in share worth and reinvestment of all distributions and don’t take into consideration sure charges similar to redemption prices or revenue taxes payable by any securityholder that will have lowered returns. Funding funds are usually not assured, their values change ceaselessly and previous efficiency will not be repeated.

Sure statements contained on this doc represent forward-looking info throughout the which means of Canadian securities legal guidelines. Ahead-looking info might relate to issues disclosed on this doc and to different issues recognized in public filings regarding the Fund, to the longer term outlook of the Fund and anticipated occasions or outcomes and will embrace statements concerning the longer term monetary efficiency of the Fund. In some instances, forward-looking info will be recognized by phrases similar to “might”, “will”, “ought to”, “anticipate”, “plan”, “anticipate”, “imagine”, “intend”, “estimate”, “predict”, “potential”, “proceed” or different related expressions regarding issues that aren’t historic information. Precise outcomes might range from such forward-looking info. Buyers mustn’t place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to replace or revise them to replicate new occasions or circumstances.

The securities provided haven’t been registered beneath the U.S. Securities Act of 1933, as amended, and will not be provided or bought in the US absent registration or any relevant exemption from the registration necessities. This information launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase securities nor will there be any sale of such securities in any state by which such supply, solicitation or sale can be illegal.