Canadian Life Companies Split Corp.: Monthly Dividend Declaration for Preferred Shares
September 19 2012 - 9:00AM
Marketwired
Canadian Life Companies Split Corp. ("CLC Split")
(TSX:LFE)(TSX:LFE.PR.B) declares its monthly distribution of
$0.05208 for each Preferred share ($0.625 annually). Distributions
are payable October 10, 2012 to shareholders on record as of
September 28, 2012. There will not be a distribution paid to the
Class A shares for September 28, 2012 as per the Prospectus which
states no 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.
Since inception Class A shareholders have received a total of
$5.70 per share and Preferred shareholders have received a total of
$3.94 per share inclusive of this distribution, for a combined
total of $9.64.
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.B) $0.05208
Ex-Dividend Date: September 26, 2012
Record Date: September 28, 2012
Payable Date: October 10, 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
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