TORONTO, Jan. 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 February 10, 2021 to shareholders on record as at January 29, 2021.
There will not be a distribution paid to the Class A Shares for January 29, 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 $9.20 per share inclusive of this distribution, for a combined total of $16.65 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
| Preferred Share (LFE.PR.B) | $0.05417 |
| Ex-Dividend Date: | January 28, 2021 |
| Record Date: | January 29, 2021 |
| Payable Date: | February 10, 2021 |
| Investor Relations: 1-877-478-2372 | Local: 416-304-4443 | www.lifesplit.com | info@quadravest.com |
