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

Canadian Life Companies Split Corp.

June 20, 2011 09:00 ET

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

TORONTO, ONTARIO--(Marketwire - June 20, 2011) - 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 July 8, 2011 to shareholders on record as of June 30, 2011. There will not be a distribution paid to the Class A shares for June 30, 2011 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 June 15, 2011 was $14.38.

Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.26 per share inclusive of this distribution, for a combined total of $8.96.

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:June 28, 2011
Record Date:June 30, 2011
Payable Date:July 8, 2011

Contact Information

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