Canadian Life Companies Split Corp. Announces Further Details of Capital Reorganization
June 13 2012 - 9:00AM
Marketwired
Canadian Life Companies Split Corp. (the "Company") previously
announced that a proposed reorganization of Preferred Shares of the
Company (the "Reorganization") had been approved at the special
meeting of shareholders held on April 16, 2012. The special
retraction right afforded to shareholders in connection with the
Reorganization has now expired and the Company expects to complete
the Reorganization on June 25, 2012. Payment of retraction price
for shares retracted pursuant to the special retraction right is
expected to occur on June 19, 2012.
In order to facilitate the Reorganization, the Company has
announced the monthly retraction date for June 2012 to be June 15,
2012. Payments for shares retracted pursuant to May and June 2012
monthly retraction rights will also be made on June 19, 2012.
Additional information regarding the capital reorganization is
contained in the Management Information Circular dated March 14,
2012 prepared in respect of the special meeting, available on SEDAR
at www.sedar.com or on the Company's website www.lifesplit.com.
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "intend", "will" and
similar expressions to the extent they relate to the Company. The
forward-looking statements are not historical facts but reflect the
Company's current expectations regarding future results or events.
These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to
differ materially from current expectations. Although the Company
believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and, accordingly, readers are
cautioned not to place undue reliance on such statements due to the
inherent uncertainty therein. The Company undertakes no obligation
to update publicly or otherwise revise any forward-looking
statement or information whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
Contacts: Canadian Life Companies Split Corp. Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
www.lifesplit.com
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