Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Shares
August 18 2010 - 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 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
Contacts: Canadian Life Companies Split Corp. Investor Relations
416-304-4443 or Toll Free at 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