Canadian Life Companies Split Corp. Preferred Dividend Declared
April 20 2022 - 8:00AM
Canadian Life Companies Split Corp. (The "Company") declares its
monthly distribution of $0.05417 for each Preferred share ($0.650
annually). Distributions are payable May 10, 2022 to shareholders
on record as at April 29, 2022.
There will not be a distribution paid to the
Class A Shares for April 29, 2022 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 $7.65 per share and Preferred shareholders have
received a total of $10.01 per share inclusive of this
distribution, for a combined total of $17.66 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 |
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|
|
|
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Preferred Share (LFE.PR.B) |
$0.05417 |
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Record Date: |
April 29, 2022 |
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Payable
Date: |
May 10, 2022 |
|
Investor Relations: 1-877-478-2372 Local: 416-304-4443
www.lifesplit.cominfo@quadravest.com
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