Canadian Life Companies Split Corp. Preferred Dividend Declared
December 20 2021 - 9:00AM
Canadian Life Companies Split Corp. (The "Company") declares its
monthly distribution of $0.05417 for each Preferred share ($0.650
annually). Distributions are payable January 10, 2022 to
shareholders on record as at December 31, 2021.
There will not be a distribution paid to the
Class A Shares for December 31, 2021 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 $7.45 per share and Preferred shareholders have
received a total of $9.80 per share inclusive of this distribution,
for a combined total of $17.25 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 |
|
|
|
Preferred Share (LFE.PR.B) |
$0.05417 |
Record Date: |
December 31, 2021 |
Payable
Date: |
January 10, 2022 |
|
|
Investor Relations: 1-877-478-2372Local:
416-304-4443www.lifesplit.cominfo@quadravest.com
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