UPDATE 1-Canada's Kingsway Financial raises stake in KLROC

Tue Apr 20, 2010 7:40am EDT

* Says buys 121,000 more units of KLROC

* Says now owns 26.72 pct of trust units

April 20 (Reuters) - Kingsway Financial Services Inc (KFS.TO) said it raised its stake in Kingsway Linked Return of Capital Trust (KLROC) to about 26.72 percent.

Kingsway Financial, which sells high-risk auto and truck insurance, said it bought 121,000 more KLROC units at C$10.45 each, representing about 3.9 percent of the trust.

The company now owns and controls 833,715 KLROC units.

Kingsway Financial shares closed at C$2.56 Monday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Gopakumar Warrier)

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