An anonymous director reports

LIFE & BANC SPLIT CORP. ANNOUNCES CLASS A SHARE SPLIT AND AN INCREASE TO TOTAL DISTRIBUTIONS

Life & Banc Split Corp. intends to complete a stock split of its Class A shares due to the fund's continuing strong performance. Class A shareholders of record at the close of business on Nov. 11, 2026, will receive 12 additional Class A shares for every 100 Class A shares held, pursuant to the share split, on Nov. 12, 2026. The share split is subject to the approval of the Toronto Stock Exchange.

Class A shareholders will continue to receive regular monthly cash distributions targeted to be 10 cents per Class A share following the share split. As a result, the total dollar amount of distributions to be paid to Class A shareholders is expected to increase by approximately 12 per cent. The fund provides a distribution reinvestment plan, on a commission-free basis, for Class A shareholders that wish to reinvest distributions and realize the benefits of compound growth.

Over the last 10 years, the Class A shares have delivered a 24.8-per-cent-per-annum total return based on net asset value, significantly outperforming both the S&P/TSX Capped Financials Total Return Index by 9.4 per cent per annum and the S&P/TSX Composite Total Return Index by 12.4 per cent per annum (1), Since inception, Class A shareholders have received cash distributions of $22.15 per share.

Based on the most recently calculated net asset value per unit of the fund on Oct. 22, 2026, as adjusted for the share split, the preferred shares of the fund are expected to have downside protection from a decline in the value of the fund's portfolio of approximately 56 per cent.

The Class A shares are expected to commence trading on an ex split basis at the opening of trading on Nov. 11, 2026. No fractional Class A shares will be issued and the number of Class A shares each holder shall receive will be rounded down to the nearest whole number. The share split is a non-taxable event.

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, listed in an attached table.

About Brompton Funds

For over 25 years, Brompton has been providing unique, well-conceived investments for Canadians, with a focus on low management fees, performance-driven diversification strategies, and attractive income and growth solutions for various market cycles.

(1) See the attached standard performance data table.

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