Brompton Lifeco Split Corp. Announces Class A Share Split and an Increase to Total Distributions

About this update from Labrador Iron Ore Royalty Corporation

Toronto, Ontario--(Newsfile Corp. - June 18, 2026) - Brompton Lifeco Split Corp. (TSX: LCS) (TSX: LCS.PR.A) (the "Fund") is pleased to announce its intention to complete a stock split of its class A shares (the "Share Split") due to the Fund's strong performance. Class A shareholders of record at the close of business on June 25, 2026 will receive 12 additional class A shares for every 100 class A shares held, pursuant to the Share Split. The Share Split is subject to the approval of the Toronto Stock Exchange (the "TSX"). Class A shareholders will continue to receive regular monthly cash distributions targeted to be $0.075 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%. 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 22.8% per annum total return based on net asset value, significantly outperforming both the S&P/TSX Capped Financials Total Return Index by 7.6% per annum and the S&P/TSX Composite Total Return Index by 10% per annum.(1) Since inception, class A shareholders have received cash distributions of $10.46 per share. Following the completion of 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 53%.(2) The class A shares are expected to commence trading on an ex-split basis at the opening of trading on June 25, 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 in a portfolio of common shares of Canada's four largest publicly-listed life insurance companies, on an approximately equal weight basis: Great-West Lifeco Inc., iA Financial Corporation Inc., Manulife Financial Corporation and Sun Life Financial Inc.About Brompton FundsFor 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 so...

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