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

Canadian Life Companies Split Corp.

May 20, 2009 16:28 ET

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

TORONTO, ONTARIO--(Marketwire - May 20, 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 June 10, 2009 to shareholders on record as of May 29, 2009. There will not be a distribution paid to the Class A shares for May 29, 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 May 15, 2009 was $14.36.

Since inception Class A shareholders have received a total of $4.30 per share and Preferred shareholders have received a total of $2.16 per share inclusive of this distribution, for a combined total of $6.46.

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: May 27, 2009

Record Date: May 29, 2009

Payable Date: June 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