TORONTO, April 20, 2021 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05417 for each Preferred share ($0.650 annually). Distributions are payable May 10, 2021 to shareholders on record as at April 30, 2021.
There will not be a distribution paid to the Class A Shares for April 30, 2021 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 $7.45 per share and Preferred shareholders have received a total of $9.36 per share inclusive of this distribution, for a combined total of $16.81 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 |
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| Preferred Share (LFE.PR.B) |
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$0.05417 |
| Ex-Dividend Date: |
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April 29, 2021 |
| Record Date: |
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April 30, 2021 |
| Payable Date: |
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May 10, 2021 |
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