Life & Banc Split Corp. (the Fund) is a mutual fund company. The Fund's investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. The Fund invests in a common share portfolio consisting of the approximately six Canadian banks and over four Canadian life insurance companies on an equally weighted basis at the time of investment. Brompton Funds Limited is an investment fund manager. Brompton Funds Limited manages the affairs of the Fund, and the Fund's portfolio and options program.