Canadian Life Companies Split Corp.
TSX : LFE
TSX : LFE.PR.A

Canadian Life Companies Split Corp.

November 18, 2009 09:00 ET

Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Share

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2009) - Canadian Life Companies Split Corp. ("CLC Split") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable December 10, 2009 to shareholders on record as of November 30, 2009. There will not be a distribution paid to the Class A shares for November 30, 2009 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00. The net asset value as of November 13, 2009 was $14.92.

Since inception Class A shareholders have received a total of $4.80 per share and Preferred shareholders have received a total of $2.43 per share inclusive of this distribution, for a combined total of $7.23.

CLC Split invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Life, Industrial Alliance, Manulife Financial and Sun Life Financial. Shares held within the portfolio are expected to range between 10-30% in weight but may vary at any time.

Distribution Details: 
Preferred Share (LFE.PR.A)                        $0.04375
Ex-Dividend Date:                        November 26, 2009
Record Date:                        November 30, 2009
Payable Date:                        December 10, 2009

Contact Information

  • Canadian Life Companies Split Corp.
    Investor Relations
    416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
    www.lifesplit.com