Canadian Life Companies Split Corp. Preferred Dividend Declared
/EIN News/ -- TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the "Company") declares its monthly distribution of $0.06667 for each Preferred share ($0.800 annually). Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024.
There will not be a distribution paid to the Class A Shares for April 30, 2024 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 $7.85 per share and Preferred shareholders have received a total of $11.56 per share inclusive of this distribution, for a combined total of $19.41 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) | $0.06667 |
| Record Date: | April 30, 2024 |
| Payable Date: | May 10, 2024 |
Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.lifesplit.com
info@quadravest.com
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
