Canadian Life Companies Split Corp.: Regular Monthly Dividend Declaration for Preferred Shares
February 17 2012 - 3:00PM
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 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
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