DBRS Discontinues Rating of Preferred Shares issued by Canadian Life Companies Split Corp.

DBRS has today discontinued the rating of the Preferred Shares issued by Canadian Life Companies Split Corp. (the Company), as the existing Preferred Shares will no longer be outstanding. On June 25, 2012, the Company announced the completion of the capital reorganization of the Preferred Shares. Holders of the existing Preferred Shares, who did not exercise the 2012 special retraction right, will receive (1) one 2012 Preferred Share, (2) one 2013 Warrant and (3) one 2014 Warrant. There will be no existing Preferred Shares outstanding after the conversion.

Note:
The applicable methodology is Rating Canadian Split Share Companies and Trusts, which can be found on our website under Methodologies.