Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Shares
August 18 2010 - 9:00AM
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 September 10, 2010 to shareholders on record as of
August 31, 2010. There will not be a distribution paid to the Class A shares for
August 31, 2010 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 August 13, 2010 was $13.22.
Since inception Class A shareholders have received a total of $5.40 per share
and Preferred shareholders have received a total of $2.82 per share inclusive of
this distribution, for a combined total of $8.22.
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: August 27, 2010
Record Date: August 31, 2010
Payable Date: September 10, 2010
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