11:09 AM EDT, 06/26/2025 (MT Newswires) -- Canadian Life Companies Split Corp. ( CLSPF ) on Thursday said it completed an overnight offering of preferred shares and Class A shares, raising $40 million.

The preferred shares were sold at $10.55 each, to yield 6.64% and the Class A shares were offered at $6.35 apiece, to yield 18.90%.

The shares will trade on the Toronto Stock Exchange under the symbols of LFE-PR-B (preferred shares) and LFE (Class A shares).

Canadian Life will invest the proceeds in an actively managed portfolio primarily consisting of Great-West Lifeco ( GWLIF ) , Industrial Alliance Insurance & Financial Services, Manulife Financial ( MFC ) and Sun Life Financial ( SLF ) .

The company's shares were last seen down $0.03 to $6.27 on the Toronto Stock Exchange.

Price: 6.27, Change: -0.03, Percent Change: -0.48