Yahoo Finance Canadian Life Companies Split Corp. Preferred Dividend Declared
TORONTO, June 19, 2024 (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 July 10, 2024 to shareholders on record as at June 28, 2024.
There will not be a distribution paid to the Class A Shares for June 28, 2024 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 $7.95 per share and Preferred shareholders have received a total of $11.69 per share inclusive of this distribution, for a combined total of $19.64 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.
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Preferred Share (LFE.PR.B) | $0.06667 |
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Record Date: | June 28, 2024 |
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Payable Date: | July 10, 2024 |
Investor Relations: 1-877-478-2372 | Local: 416-304-4443 |
