Canadian Life Companies Split Corp. Preferred Dividend Declared
June 19 2024 - 4:00PM
Canadian Life Companies Split Corp. (the "Company") declares its
monthly distribution of $0.06667 for each Preferred share ($0.800
annually). Distributions are payable July 10, 2024 to shareholders
on record as at June 28, 2024.
There will not be a distribution paid to the
Class A Shares for June 28, 2024 as per the Prospectus which states
no regular monthly dividends 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 $7.95 per share and Preferred shareholders have
received a total of $11.69 per share inclusive of this
distribution, for a combined total of $19.64 per unit.
The Company invests in a portfolio of four
publicly traded Canadian life insurance companies as follows:
Great-West Lifeco Inc., Industrial Alliance Insurance &
Financial Services Inc., Manulife Financial Corporation and Sun
Life Financial Inc.
Distribution Details |
|
Preferred Share (LFE.PR.B) |
$0.06667 |
|
|
Record Date: |
June 28, 2024 |
|
|
Payable Date: |
July 10, 2024 |
Investor Relations: 1-877-478-2372 |
Local: 416-304-4443 |
www.lifesplit.com |
info@quadravest.com |
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