Canadian Life Companies Split Corp. Monthly Dividend
Canadian Life Companies Split Corp. Monthly Dividend Declaration for Preferred Shares
TORONTO, ONTARIO -- (Marketwire) -- 11/20/12 -- Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable December 10, 2012 to shareholders on record as of November 30, 2012. There will not be a distribution paid to the Class A shares for November 30, 2012 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 $4.04 per share inclusive of this distribution, for a combined total of $9.74.
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: November 28, 2012 Record Date: November 30, 2012 Payable Date: December 10, 2012
Contacts: Canadian Life Companies Split Corp. Investor Relations 416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372) www.lifesplit.com