Nov 19 (Reuters) - Life & Banc Split Corp LBS.TO :
* LIFE & BANC SPLIT CORP. ANNOUNCES OVERNIGHT OFFERING
* UNDERTAKING AN OVERNIGHT TREASURY OFFERING OF CLASS A AND PREFERRED SHARES
* OFFERING UP TO 3.7 MILLION PREFERRED SHARES ON AN UNMATCHED BASIS.
* CLASS A SHARES WILL BE OFFERED AT A PRICE OF $8.08 PER CLASS A SHARE FOR A DISTRIBUTION RATE OF 14.8% ON ISSUE PRICE
* PREFERRED SHARES WILL BE OFFERED AT A PRICE OF $10.00 PER PREFERRED SHARE FOR A YIELD TO MATURITY OF 5.6%