Canadian Life Companies Split Corp. Declares Class A & Preferred Share Dividend
TORONTO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- 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 February 9, 2018 to shareholders on record as at January 31, 2018.
Since inception Class A shareholders have received a total of $7.15 per share and Preferred shareholders have received a total of $7.27 per share inclusive of this distribution, for a combined total of $14.42 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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