TORONTO, Sept. 18, 2024 (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 $0.06667 for each Preferred share ($0.800 annualized). Distributions are payable October 10, 2024 to shareholders on record as at September 30, 2024.
Since inception Class A shareholders have received a total of $8.25 per share and Preferred shareholders have received a total of $11.89 per share inclusive of this distribution, for a combined total of $20.14 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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| Class A Share (LFE) |
$0.10000 |
| Preferred Share (LFE.PR.B) |
$0.06667 |
| Record Date: |
September 30, 2024 |
| Payable Date: |
October 10, 2024 |
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