Canadian Life Companies Split Corp.:Monthly Dividend Declaration for Preferred Shares
18 September 2013 - 11:00PM
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 October 10, 2013 to
shareholders on record as of September 30, 2013. There will not be
a distribution paid to the Class A shares for September 30, 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
$4.56 per share inclusive of this distribution, for a combined
total of $10.26.
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, 2013
Record Date: September 30, 2013
Payable Date: October 10, 2013
Contacts: Investor Relations 416-304-4443 or toll free at
1-877-4-Quadra (1-877-478-2372) www.lifesplit.com
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