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Canadian Life Companies Split Corp T.LFE.PR.B


Primary Symbol: T.LFE Alternate Symbol(s):  CLSPF

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012. The Company will invest primarily in a portfolio of common shares of Proceeds: (the ``Portfolio) which will include the following publicly traded Canadian life insurance companies (the ``Portfolio Companies), each of whose shares will generally represent no less than 10% and no more than 30% of the net asset value (``Net Asset Value) of the Company: Great-West Lifeco Inc.


TSX:LFE - Post by User

Canadian Life Companies Split Corp > Dividend declaration
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Comment by mousermanon Jan 27, 2022 2:38pm
124 Views
Post# 34367861

RE:Dividend declaration

RE:Dividend declarationDont know if you were asking, or if you meant to post the declaration of distributions.
ANyways:

 

Canadian Life Companies to pay distributions Feb. 10

 

2022-01-19 10:04 ET - News Release

 

An anonymous director reports

CANADIAN LIFE COMPANIES SPLIT CORP. DECLARES CLASS A & PREFERRED SHARE DIVIDEND

Canadian Life Companies Split Corp. has declared its monthly distribution of 10 cents for each Class A share ($1.20 annualized) and 5.417 cents for each preferred share (65 cents annualized). Distributions are payable Feb. 10, 2022, to shareholders on record as at Jan. 31, 2022. 

Since inception, Class A shareholders have received a total of $7.55 per share and preferred shareholders have received a total of $9.85 per share, inclusive of this distribution, for a combined total of $17.40 per unit. 

 

  DISTRIBUTION DETAILS Class A share: 10 cents Preferred share: 5.417 cents Record date: Jan. 31, 2022 Payable date: Feb. 10, 2022
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