Canadian Life Companies Split Corp.

Canadian Life Companies Split Corp.

August 20, 2012 09:00 ET

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

TORONTO, ONTARIO--(Marketwire - Aug. 20, 2012) - Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable September 10, 2012 to shareholders on record as of August 31, 2012. There will not be a distribution paid to the Class A shares for August 31, 2012 as per the Prospectus which states no 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 August 15, 2012 was $11.87.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.89 per share inclusive of this distribution, for a combined total of $9.59.

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.B) $0.05208
Ex-Dividend Date: August 29, 2012
Record Date: August 31, 2012
Payable Date: September 10, 2012

Contact Information

  • Investor Relations
    416-304-4443; Toll free at 1-877-4-Quadra (1-877-478-2372)