Brompton Lifeco Split Corp. initiates $150 million at-the-market offering of Preferred and Class A shares

Company

Brompton Lifeco Split Corp.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

RBC Dominion Securities Inc.

Law Firm / Organization
Stikeman Elliott LLP

On April 30, 2024, Brompton Lifeco Split Corp. ("the Company") initiated an at-the-market (ATM) offering for up to $150 million in Preferred Shares and Class A Shares. This offering includes $75 million per share class, both listed on the Toronto Stock Exchange (TSX) under the symbols "LCS.PR.A" and "LCS." RBC Dominion Securities Inc. serves as the sole agent, conducting sales on the TSX or other Canadian markets at prevailing market prices.

The Company will pay RBC Dominion Securities Inc. a commission of up to 2.5% of the gross sales price per share sold. Legal representation includes Osler, Hoskin & Harcourt LLP for Brompton and Stikeman Elliott LLP for the agent. The proceeds will support the Company's investment goals, emphasizing a balanced portfolio of Canadian life insurance stocks. The ATM will remain open until the earlier of May 1, 2026, or the completion of the full offering amount, in line with Brompton's strategy to deliver stable income distributions and growth potential for shareholders.

Public/Private Offering
Banking/Finance
$ 150,000,000
Active