Prospectus excerpt: This prospectus qualifies the issuance of Preferred Shares and Class A Shares of Brompton Lifeco Split Corp. (the ‘‘Company’’). The Preferred Shares and the Class A Shares are offered separately but will be issued only on the basis that an equal number of each class of shares will be issued and outstanding.
The Company has been created to provide investors with a diversified investment in the four largest publicly traded Canadian life insurance companies utilizing a split share structure on a low cost basis. These Canadian life insurance companies have significant international operations in Canada, the United States, Europe, Asia and in emerging markets. These Canadian life insurance companies also have a history of strong earnings growth, which has resulted in increased dividend rates and capital appreciation. Class A Shareholders will receive the benefits of high monthly cash distributions, the potential for capital appreciation and low management fees through an equally-weighted leveraged investment in the Canadian life insurance companies. Preferred Shareholders will receive attractive quarterly distributions supported by the high quality of the underlying assets. The Preferred Shares have been provisionally rated Pfd-2 (low) by Dominion Bond Rating Service Limited.