'Kansas City Life Insurance Company is very happy to be a part of OTCQX,' said R. Philip Bixby, President, Chief Executive Officer and Chairman of the Board of Kansas City Life. 'We believe the robust market offered by OTCQX will provide a transparent, informative and effective trading platform to promote strong share liquidity for our shareholders.'
OTCQX provides an efficient public market for Kansas City Life to improve the quality and availability of information to investors and enables investors to easily trade through a broker of their choice at the best possible price.
'We are thrilled to welcome Kansas City Life to the OTCQX market,' said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. 'OTCQX offers an efficient, cost-effective public market for established companies like Kansas City Life that want to provide a shareholder-friendly trading experience for their investors without the high cost and additional regulatory burden of a national stock exchange listing. We look forward to supporting Kansas City Life and its shareholders in the public markets.'
Stinson Leonard Street LLP serves as Kansas City Life's OTCQX Advisor, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
About Kansas City Life Insurance Company
Kansas City Life Insurance Company OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri. The Company's primary business is providing financial protection through the sale of life insurance and annuities. The Company's revenues were $465.0 million in 2014, and assets and life insurance in force were $4.6 billion and $32.0 billion, respectively, as of December 31, 2014. The Company operates in 49 states and the District of Columbia.
Kansas City Life Insurance Company issued this content on 2016-01-04 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-04 22:35:11 UTC
Original Document: https://www.kclife.com/company/News.aspx?release=149
