Canadian Life Companies Split Corp.: Preferred Dividend Declared
TORONTO, Oct. 18, 2019 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (The “Company”) declares its monthly distribution of $0.05417 for each Preferred share ($0.650 annually). Distributions are payable November 8, 2019 to shareholders on record as at October 31, 2019.Since inception Class A shareholders have received a total of $7.15 per share and Preferred shareholders have received a total of $8.39 per share inclusive of this distribution, for a combined total of $15.54 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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