Canadian Life Companies Split Corp. Declares Class A & Preferred Share Dividend
TORONTO, ONTARIO--(Marketwired - Nov. 20, 2017) - Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.05208 for each Preferred share ($0.625 annualized). Distributions are payable December 8, 2017 to shareholders on record as at November 30, 2017.
Since inception Class A shareholders have received a total of $6.95 per share and Preferred shareholders have received a total of $7.17 per share inclusive of this distribution, for a combined total of $14.12 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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