An anonymous director reports

LIFE & BANC SPLIT CORP. ANNOUNCES SUCCESSFUL PREFERRED SHARE OFFERING

Life & Banc Split Corp.'s offering of preferred shares has been successful. Gross proceeds of the offering are expected to be approximately $76.4-million. The offering is expected to close on or about April 30, 2026, and is subject to certain closing conditions. The company has granted the agents an overallotment option, exercisable for 30 days following the closing date of the offering, to purchase additional preferred shares up to such number as is equal to 15 per cent of the number of preferred shares issued at the closing of the offering.

The preferred shares were offered at a price of $10.50 per preferred share to yield 6.9 per cent. The syndicate of agents for the offering was led by RBC Capital Markets, CIBC Capital Markets, National Bank Financial Inc. and Scotiabank and included Hampton Securities Ltd., Canaccord Genuity Corp., BMO Capital Markets, Raymond James Ltd., TD Securities Inc., iA Private Wealth Inc., CI Investment Services Inc., Manulife Securities Inc., Research Capital Corp., Ventum Financial Corp. and Wellington-Altus Private Wealth Inc.

The fund invests on an approximately equally weighted basis, in a portfolio consisting of common shares of the six largest Canadian banks and the four major publicly traded Canadian life insurance companies.

Bank of Montreal                        Great-West Lifeco Inc.    
National Bank of Canada                 Bank of Nova Scotia    
Canadian Imperial Bank of Commerce      Royal Bank of Canada     
iA Financial Corporation Inc.           The Toronto-Dominion Bank   
Sun Life Financial Inc.                 Manulife Financial Corp.

We seek Safe Harbor.