NEW YORK, Jan. 4, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Kansas City Life Insurance Company. (OTCQX: KCLI), a provider of life insurance and annuity products nationwide, has qualified to trade on the OTCQX® Best Market. Kansas City Life previously traded on the NASDAQ Stock Market.
Kansas City Life begins trading today on OTCQX under the symbol "KCLI." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"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."
"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."
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.
Kansas City Life Insurance Company 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 Dec. 31, 2014. The company operates in 49 states and the District of Columbia.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the OTC Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
SOURCE OTC Markets Group Inc.