Canadian Life Companies Split Corp. Preferred Dividend Declared

TORONTO, March 20, 2023 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.06667 for each Preferred share ($0.800 annually). Distributions are payable April 10, 2023 to shareholders on record as at March 31, 2023.

There will not be a distribution paid to the Class A Shares for March 31, 2023 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 $10.69 per share inclusive of this distribution, for a combined total of $18.34 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)	$0.06667
Record Date:	March 31, 2023
Payable Date:	April 10, 2023

 

Investor Relations: 1-877-478-2372

Local: 416-304-4443

www.lifesplit.com

[email protected]

Source: Canadian Life Companies Split Corp.

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