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.

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Canadian Life Companies Split Corp > LFE Declares Class A & Preferred Share Dividend

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Post by bveilleuon Feb 18, 2022 9:42am

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Post# 34441433

LFE Declares Class A & Preferred Share Dividend

TORONTO, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.05417 for each Preferred share ($0.650 annualized). Distributions are payable March 10, 2022 to shareholders on record as at February 28, 2022.

Since inception Class A shareholders have received a total of $7.65 per share and Preferred shareholders have received a total of $9.91 per share inclusive of this distribution, for a combined total of $17.56 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

Class A Share (LFE)	$0.10000

Preferred Share (LFE.PR.B)	$0.05417

Record Date:	February 28, 2022

Payable Date:	March 10, 2022