Latest news with #CanadianLifeCompaniesSplitCorp
Hamilton Spectator
10 hours ago
- Business
- Hamilton Spectator
Successful Overnight Offering
TORONTO, June 19, 2025 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. ('the Company') is pleased to announce it has completed the overnight marketing of Preferred Shares (TSX: and Class A Shares (TSX: LFE) of the Company. Total gross proceeds of the offering are expected to be approximately $40.0 million. The offering is being led by National Bank Financial Inc. The sales period of the overnight offering has now ended. The offering is expected to close on or about June 26, 2025 and is subject to certain closing conditions including approval by the TSX. The Preferred Shares were offered at a price of $10.55 per Preferred Share to yield 6.64% and the Class A Shares were offered at a price of $6.35 per Class A Share to yield 18.90%. The closing price on the TSX of each of the Preferred Shares and Class A Shares on June 18, 2025 was $10.70 and $6.50, respectively. The net proceeds of the offering will be used by the Company to invest in an actively managed portfolio primarily consisting of four publicly traded Canadian life insurance companies as follows: Great‐West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc. The Company's investment objectives are: Preferred Shares: Class A Shares: A prospectus supplement to the Company's short form base shelf prospectus dated May 1, 2024, containing important detailed information about the Preferred Shares and the Class A Shares being offered will be filed with securities commissions or similar authorities in all provinces of Canada. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the agents listed above. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the Securities Commissions or similar authorities in each of the provinces of Canada. Investor Relations: 1-877-478-2372 Local: 416-304-4443 info@
Cision Canada
11 hours ago
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trade Resumption - LFE.PR.B Français
TORONTO, /CNW/ - Trading resumes in: Company: Canadian Life Companies Split Corp. TSX Symbol: All Issues: Yes Resumption (ET): 8:00 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
Associated Press
12 hours ago
- Business
- Associated Press
Canadian Investment Regulatory Organization Trade Resumption - LFE.PR.B
TORONTO, June 19, 2025 /CNW/ - Trading resumes in: Company: Canadian Life Companies Split Corp. TSX Symbol: All Issues: Yes Resumption (ET): 8:00 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions
Cision Canada
a day ago
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trading Halt - LFE.PR.B Français
TORONTO, /CNW/ - The following issues have been halted by CIRO: Company: Canadian Life Companies Split Corp. TSX Symbol: All Issues: Yes Reason: Pending News Halt Time (ET): 3:16 PM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
