Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Shares
February 17 2012 - 4:00PM
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 March 9, 2012 to
shareholders on record as of February 29, 2012. There will not be a
distribution paid to the Class A shares for February 29, 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 February 15, 2012 was $11.64.
Since inception Class A shareholders have received a total of
$5.70 per share and Preferred shareholders have received a total of
$3.61 per share inclusive of this distribution, for a combined
total of $9.31.
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: February 24, 2012
Record Date: February 29, 2012
Payable Date: March 9, 2012
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