Canadian Life Companies Split Corp.: Monthly Dividend Declaration for Preferred Shares
January 18 2013 - 9:00AM
Marketwired
Canadian Life Companies Split Corp. ("CLC Split") declares its
monthly distribution of $0.05208 for each Preferred share ($0.625
annually). Distributions are payable February 8, 2013 to
shareholders on record as of January 31, 2013. There will not be a
distribution paid to the Class A shares for January 31, 2013 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
$4.15 per share inclusive of this distribution, for a combined
total of $9.85.
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: January 29, 2013
Record Date: January 31, 2013
Payable Date: February 8, 2013
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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