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:
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
www.lifesplit.com