North Coast Life Insurance Company Announces the Notice of Redemption of 10% Series A Cumulative Convertible Preferred Stock

SPOKANE, Wash.--(BUSINESS WIRE)--North Coast Life Insurance Company (Pink Sheets: NCLIP) announced today that it has called for redemption of all of its 10% Series A Cumulative Convertible Preferred Stock, with a redemption date of November 26, 2012. The shares of the Series A Preferred Stock are redeemable by the Company, on and after the Redemption Date, at the redemption price of $10.00 per share, plus cumulative accrued and unpaid dividends of $8.41, or $18.41 per share in total. Shareholders of record will receive redemption instructions prior to the redemption date.