Canadian Life Companies Split Corp.: Monthly Dividend Declaration for Preferred Shares
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/20/12 -- Canadian Life Companies Split Corp. ("CLC Split") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable September 10, 2012 to shareholders on record as of August 31, 2012. There will not be a distribution paid to the Class A shares for August 31, 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. The net asset value as of August 15, 2012 was $11.87.
Since inception Class A shareholders have received a total of $5.70 per share and Preferred shareholders have received a total of $3.89 per share inclusive of this distribution, for a combined total of $9.59.
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.
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Investor Relations
416-304-4443; Toll free at 1-877-4-Quadra (1-877-478-2372)
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Datum: 20.08.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 1143563
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