Canadian Life Companies Split Corp.: Monthly Dividend
Canadian Life Companies Split Corp.: Monthly Dividend Declaration for Preferred Shares
TORONTO, ONTARIO -- (Marketwire) -- 01/18/13 -- Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable February 8, 2013 to shareholders on record as of January 31, 2013. There will not be a distribution paid to the Class A shares for January 31, 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 $4.15 per share inclusive of this distribution, for a combined total of $9.85.
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: January 29, 2013 Record Date: January 31, 2013 Payable Date: February 8, 2013
Contacts: Canadian Life Companies Split Corp. Investor Relations 416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372) www.lifesplit.com