Canadian Life Companies Split Corp. Completes Overnight Offering

Executive Summary

• Completed an overnight offering of Preferred Shares and Class A Shares, raising total gross proceeds of $60.1 million.
• Preferred Shares priced at $10.45 each; Class A Shares priced at $7.65 each; shares now trade on the Toronto Stock Exchange under symbols LFE.PR.B and LFE.
• Net proceeds will be deployed to invest in an actively managed portfolio of four publicly‑traded Canadian life insurance companies (Great‑West Lifeco, iA Financial, Manulife Financial, Sun Life Financial).

Key Details

• Offering Structure: Preferred Shares and Class A Shares sold in a single overnight offering.
• Pricing: $10.45 per Preferred Share; $7.65 per Class A Share.
• Gross Proceeds: $60.1 million.
• Lead Underwriter: National Bank Financial Inc.
• Use of Proceeds: Investment in a diversified portfolio of publicly listed Canadian life insurers (Great‑West Lifeco Inc., iA Financial Corp., Manulife Financial Corp., Sun Life Financial).
• Trading Commencement: Shares began trading on the Toronto Stock Exchange under symbols LFE.PR.B (Preferred) and LFE (Class A).
• Regulatory References: Investors directed to the prospectus supplement to the Company’s short‑form base shelf prospectus dated May 1 2024, as amended Oct 2 2025.

Notable Quotes

(No executive quotes were provided in the release.)