Canadian Life Companies Split Corp. (TSX:LFE) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 1,156,200 Preferred Shares and 1,085,432 Class A Shares, repesenting 3.32% and 3.12% of its issued share capital resepcetively. All Preferred Shares or Class A Shares purchased by the Company pursuant to the NCIB will be cancelled. The NCIB will commence on May 29, 2023 and terminate on May 28, 2024. As of May 15, 2023, the company had 11,644,001 Preferred Shares and 11,525,201 Class A Shares issued and outstanding.

Quadravest Capital Management Inc. acted as investment manager to the company.