Canadian Life Companies Split Corp. Declares Preferred Share Dividend
May 21 2014 - 8:00AM
Marketwired
Canadian Life Companies Split Corp. Declares Preferred Share
Dividend
TORONTO, ONTARIO--(Marketwired - May 21, 2014) - Canadian Life
Companies Split Corp. (the "Company") declares its monthly
distribution of $0.05208 for each Preferred share ($0.625
annually). Distributions are payable June 10, 2014 to shareholders
on record as of May 30, 2014. There will not be a distribution paid
to the Class A shares for May 30, 2014 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 $5.85 per share and
Preferred shareholders have received a total of $4.98 per share
inclusive of this distribution, for a combined total of $10.83.
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. 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: |
May 28, 2014 |
|
Record Date: |
May 30, 2014 |
|
Payable Date: |
June 10, 2014 |
Canadian Life Companies Split CorpInvestor
Relations416-304-4443Toll Free: 1-877-4-Quadra
(1-877-478-2372)www.lifesplit.com
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