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Canadian Life Companies Split Corp.: Monthly Dividend Declaration for Preferred Shares

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© Marketwire 2013
2013-02-19 23:18:47 -

TORONTO, ONTARIO -- (Marketwire) -- 02/19/13 -- Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable March 8, 2013 to shareholders on record as of February 28, 2013. There will not be a distribution paid to the Class A shares for February 28, 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 $4.20 per share inclusive of this distribution, for a combined total of $9.90.

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:                       February 26, 2013                   
Record Date:                            February 28, 2013                   
Payable Date:                           March 8, 2013                       


Canadian Life Companies Split Corp.

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