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Canadian Life Companies Split Corp. has filed a prospectus supplement dated February 4, 2026, for a public offering of up to $60,114,200 in securities. The offering comprises up to 4,082,000 Preferred Shares priced at $10.45 per share and 2,282,000 Class A Shares at $7.65 per share. The Preferred Shares offering totals a maximum of $42,656,900, while the Class A Shares offering reaches up to $17,457,300. After deducting agents' fees and expenses estimated at $150,000, the Company expects to receive net proceeds of approximately $57,898,914.50. The offering includes 1,800,000 Preferred Shares on an unmatched basis to maintain equal numbers of outstanding Preferred and Class A Shares.
Blake, Cassels & Graydon LLP serves as legal counsel to the Company, while McCarthy Tétrault LLP represents the agents. National Bank Financial Inc. leads a syndicate of agents including CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., and TD Securities Inc., among others. The agents will receive fees of 3.0% per Preferred Share and 4.5% per Class A Share sold. The Company is a mutual fund corporation that invests primarily in Canadian life insurance companies including Great-West Lifeco Inc., iA Financial Corporation Inc., Manulife Financial Corporation, and Sun Life Financial Inc. Closing is expected on February 11, 2026.
Parties
Company
Canadian Life Companies Split Corp.
Bank
National Bank Financial Inc.
Bank
CIBC World Markets Inc.
Bank
Scotia Capital Inc.
Bank
BMO Nesbitt Burns Inc.
Bank
RBC Dominion Securities Inc.
Bank
TD Securities Inc.
Company
Canaccord Genuity Corp.
Company
Hampton Securities Limited
Company
iA Private Wealth Inc.
Company
Raymond James Ltd.
Company
CI Investment Services Inc.
Company
Desjardins Securities Inc.
Company
Manulife Wealth Inc.
Company
Wellington-Altus Private Wealth Inc.
Company
Research Capital Corporation
Company
Ventum Financial Corp.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 60,114,200Deal Status
ActiveClosing Date