Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Share
March 18 2009 - 9:07AM
Marketwired Canada
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 April 9, 2009 to shareholders on record as of March
31, 2009. There will not be a distribution paid to the Class A shares for March
31, 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 March 13, 2009 was $10.53.
Since inception Class A shareholders have received a total of $4.30 per share
and Preferred shareholders have received a total of $2.08 per share inclusive of
this distribution, for a combined total of $6.38.
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: March 27, 2009
Record Date: March 31, 2009
Payable Date: April 9, 2009
Canadian Life Companies ... (TSX:LFE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Canadian Life Companies ... (TSX:LFE)
Historical Stock Chart
From Jul 2023 to Jul 2024