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.
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.
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid= .. width="1" height="1" alt=" " border="0" />