Canadian Life Companies Split Corp.: Financial Results to November 30, 2009
February 25 2010 - 12:42PM
Marketwired
Canadian Life Companies Split Corp. ("CLC Split") announces its
annual financial results for the year ending November 30, 2009.
The year ending November 30, 2009 was one of the most tumultuous
periods in financial market history. Against this backdrop, the
market prices of the Canadian life insurance companies stocks in
the portfolio mirrored this activity reaching lows in early March
but recovering significantly by the end of November. The net asset
value as at November 30, 2009 ended at $14.92 which reflected a
decline of $1.12 per unit over the prior year. The complete
financial statements are available at www.lifesplit.com or
www.sedar.com.
CLC Split invests primarily in a core portfolio of four publicly
traded Canadian life insurance companies as follows: Great-West
Life, Industrial Alliance, Manulife Financial and Sun Life
Financial. Shares held within the portfolio are expected to range
between 10-30% in weight but may vary at any time.
Selected Financial Information from the Statement of Financial
Operations:
For the year ending November 30, 2009
($ Millions)
Income 5.605
Expenses (1.400)
------------
Net investment income 4.205
Realized option premiums and gain (loss) on sale of
investments (11.956)
Change in unrealized appreciation of investments 6.745
------------
Decrease in net assets from operations before distributions (1.006)
Comparative financial information is available in documents
filed on www.sedar.com.
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
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