Business and Finance
Business and Finance
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North Coast Life Insurance Company Announces Rescission of Board Proposal
SPOKANE, Wash.--([ BUSINESS WIRE ])--North Coast Life Insurance Company (OTCBB:NCLIP) (OTCBB:NCLI) announced today that a proposal by their Board of Directors to change the ratio at which the Companya™s Series A Preferred Stock may be converted into common stock of 1:2 has been rescinded as of June 15, 2010. The conversion ratio remains at 1:1.4.
About North Coast Life
North Coast Life is a life insurance company headquartered in Spokane, Washington, specializing in the family marketplace with interest sensitive whole life (trademark name aVersatile Lifea), traditional whole life, term life and a complete line of annuity products. More Information is available at [ www.nclife.com ].
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