Canadian Life Companies Split Corp. Preferred Dividend Declared

TORONTO, July 20, 2022 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05583 for each Preferred share ($0.670 annually). Distributions are payable August 10, 2022 to shareholders on record as at July 29, 2022.

There will not be a distribution paid to the Class A Shares for July 29, 2022 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 $7.65 per share and Preferred shareholders have received a total of $10.18 per share inclusive of this distribution, for a combined total of $17.83 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)	$0.05583
Record Date:	July 29, 2022
Payable Date:	August 10, 2022

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.lifesplit.com
[e-mail]

 

Source: Canadian Life Companies Split Corp.

2022 GlobeNewswire, Inc., source Press Releases - Canada