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:LFE) 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 ...