Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Shares
January 18 2012 - 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 February 10, 2012 to
shareholders on record as of January 31, 2012. There will not be a
distribution paid to the Class A shares for January 31, 2012 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 January 13, 2012 was $11.37.
Since inception Class A shareholders have received a total of
$5.70 per share and Preferred shareholders have received a total of
$3.56 per share inclusive of this distribution, for a combined
total of $9.26.
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: January 27, 2012
Record Date: January 31, 2012
Payable Date: February 10, 2012
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
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