Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

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

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Post by waltertorontoon May 18, 2017 9:41am

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Post# 26258989

No divvy this month

Canadian Life Companies Split Corp.: Preferred Dividend Declared

/EINPresswire.com/ -- TORONTO, ONTARIO--(Marketwired - May 18, 2017) - Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05208 for each Preferred share ($0.625 annually). Distributions are payable June 9, 2017 to shareholders on record as at May 31, 2017.

Since inception Class A shareholders have received a total of $6.55 per share and Preferred shareholders have received a total of $6.86 per share inclusive of this distribution, for a combined total of $13.41 per unit.

The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: GreatWest Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.

Distribution Details
Preferred Share (LFE.PR.B)	$0.05208
Ex-Dividend Date:	May 29, 2017
Record Date:	May 31, 2017
Payable Date:	June 9, 2017