TORONTO, ONTARIO--(Marketwire - Aug. 21, 2012) - Life & Banc Split Corp. (TSX:LBS) is pleased to announce that a monthly distribution in the amount of $0.10 per class A share will be paid on September 17, 2012 to class A shareholders of record at the close of business on August 31, 2012.
Recent improvement in equity markets has resulted in an increase in net asset value per unit (consisting of one class A share and one preferred share) of LBS to $15.25 as at August 16, 2012, which allows the Fund to reinstate the monthly class A share distribution. In accordance with the Class A Share provisions and the prospectus, cash distributions may be paid on the class A shares, if after payment of the distribution by the Fund, the net asset value per unit is greater than $15.00. The Fund will continue to monitor its net asset value per unit on a monthly basis to determine whether the Fund will pay a class A distribution in each subsequent month.
About Brompton Funds
Brompton Funds, a division of Brompton Group, is a leading and experienced closed-end fund manager. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-9051, toll-free at 1-866-642-6001, email firstname.lastname@example.org or visit our website at www.bromptongroup.com.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed; their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.