In a single day Providing Introduced – Worldwide Dispatch

TORONTO, Feb. 03, 2026 (GLOBE NEWSWIRE) — Canadian Life Firms Cut up Corp. (“the Firm”) is happy to announce it’ll undertake an providing of Most well-liked Shares (TSX: LFE.PR.B) and Class A Shares (TSX: LFE) of the Firm. The providing might be led by Nationwide Financial institution Monetary Inc.

The gross sales interval of this in a single day providing will finish at 8:30 a.m. EST on February 4, 2026. The providing is anticipated to shut on or about February 11, 2026 and is topic to sure closing situations together with approval by the TSX.

The Most well-liked Shares might be supplied at a worth of $10.45 per Most well-liked Share and the Class A Shares might be supplied at a worth of $7.65 per Class A Share.

The closing worth on the TSX of every of the Most well-liked Shares and Class A Shares on February 2, 2026 was $10.53 and $7.83, respectively.

Since inception of the Firm, the mixture dividends declared on the Most well-liked Shares have been $12.85 per share and the mixture dividends declared on the Class A Shares have been $9.85 per share, for a mixed whole of $22.70 per unit. All distributions paid to this point have been made in tax benefit eligible Canadian dividends or capital features dividends.

The online proceeds of the providing might be utilized by the Firm to spend money on an actively managed portfolio primarily consisting of 4 publicly traded Canadian life insurance coverage corporations as follows: Nice‐West Lifeco Inc., iA Monetary Company Inc., Manulife Monetary Company and Solar Life Monetary Inc.

The Firm’s funding aims are:

Most well-liked Shares:

1. to offer holders of the Most well-liked Shares with fastened, cumulative preferential month-to-month money dividends at a charge equal to the higher of: 7.00% OR Prime Price plus 2% (max of 9%) yearly primarily based on the $10.00 unique problem worth, and;
2. on or about December 1, 2030 (topic to additional 6 yr extensions), to pay the holders of the Most well-liked Shares the unique $10 problem worth of these shares.

Class A Shares:

1. to offer holders of the Class A Shares with common month-to-month money dividends as the administrators of the Firm could every so often decide; and
2. on or about December 1, 2030 (topic to additional 6 yr extensions), to pay the holders of Class A Shares such quantities as stay after paying the holders of the Most well-liked Shares the quantities owing to them.

A prospectus complement to the Firm’s quick kind base shelf prospectus dated Might 1, 2024, as amended October 2, 2025, containing essential detailed details about the Most well-liked Shares and the Class A Shares being supplied might be filed with securities commissions or comparable authorities in all provinces of Canada. Copies of the prospectus complement and the quick kind base shelf prospectus could also be obtained out of your registered monetary advisor utilizing the contact data for such advisor. There is not going to be any sale or any acceptance of a suggestion to purchase the securities being supplied till the prospectus complement has been filed with the Securities Commissions or comparable authorities in every of the provinces of Canada.