Canadian Life Companies Split Corp.

Canadian Life Companies Split Corp.

February 22, 2008 10:29 ET

Canadian Life Companies Split Corp.: Financial Results to November 30, 2007

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2008) - Canadian Life Companies Split Corp. ("CLC Split") announces its annual financial results for the year ending November 30, 2007.

During the year, CLC Split achieved its targeted distribution objectives for both classes of shares. The net asset value per unit (one Preferred share and one Class A share) also increased by $0.79 to $27.38 as at November 30, 2007.

CLC Split invests primarily in a core 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.

Selected Financial Information from the Statement of Financial Operations:
For the year ending November 30, 2007

($ Millions)
Income 6.107
Expenses (3.509)
Net investment income 2.598
Realized option premiums and gain on sale of investments 15.143
Change in unrealized appreciation of investments 6.471
Increase in net assets from operations before distributions 24.212

Comparative financial information is available in documents filed on

Contact Information

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