Canadian Life Companies Split Corp. has commenced an at-the-market equity offering, qualifying for distribution up to $70 million in Preferred Shares and up to $70 million in Class A Shares, totaling $140 million. The offering ensures that an equal number of Preferred Shares and Class A Shares—together called “Units”—will be outstanding at all material times. The shares will be distributed through National Bank Financial Inc., acting as agent, under an equity distribution agreement dated October 6, 2025.

Sales will be conducted as “at-the-market distributions” under National Instrument 44-102, including direct sales on the Toronto Stock Exchange or other Canadian trading markets. Shares will be sold at prevailing market prices, which may vary among purchasers and throughout the distribution period. The issue price for both share classes will not be less than the most recently calculated net asset value per unit and will be structured to avoid dilution of existing securities. There is no minimum amount of funds that must be raised under this offering.

Legal counsel for the Company is Blake, Cassels & Graydon LLP, while Osler, Hoskin & Harcourt LLP acts for the Agent.