Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Share
November 18 2009 - 9:00AM
Marketwired
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 December 10, 2009 to
shareholders on record as of November 30, 2009. There will not be a
distribution paid to the Class A shares for November 30, 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 November 13, 2009 was $14.92.
Since inception Class A shareholders have received a total of
$4.80 per share and Preferred shareholders have received a total of
$2.43 per share inclusive of this distribution, for a combined
total of $7.23.
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: November 26, 2009
Record Date: November 30, 2009
Payable Date: December 10, 2009
Contacts: Canadian Life Companies Split Corp. Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.lifesplit.com
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