Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Share
November 18 2009 - 8:02AM
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 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
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