Canadian Life Companies Split Corp. Regular Monthly Dividend Declaration.TORONTO -- Canadian Life Companies Split Corp. ("CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. Split") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :LFE LFE Low Frequency Effects LFE Lean Front End (software) LFE Laminar Flow Element LFE Learning From Experience LFE Large Final Emitter (environment) LFE Leicester, Forest, East )(TSX:LFE.PR.A) declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable November 10, 2005 to shareholders on record as of October 31, 2005, 2005. Since inception Class A shareholders have received a total of $0.60 per share and Preferred shareholders have received a total of $0.28 per share inclusive of inclusive of prep. Taking into consideration or account; including. this distribution, for a combined total of $0.88. The fund's investment objectives are: Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. : i. to provide holders of the Preferred Shares with fixed, cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum Per annum Yearly. on the original issue price; and ii. on or about December 1, 2012 (termination date termination date, n See expiration date. ), to pay the holders of the Preferred Shares the original issue price of those shares. Class A Shares: i. to provide holders of the Class A Shares with regular monthly cash dividends initially targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price; and ii. on or about December 1, 2012 (termination date), to pay the holders of Class A Shares at least the original issue price of those shares. CLC Split invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Life, Industrial Alliance, Manulife Financial and Sun Life Financial. Shares held within the portfolio are expected to range between 10-30% in weight but may vary at any time.
Distribution Details:
Class A Share (LFE): $0.10
Preferred Share (LFE.PR.A) $0.04375
Ex-Dividend Date: October 27, 2005
Record Date: October 31, 2005
Payable Date: November 10, 2005
Canadian Life Companies Split Corp. (TSX:LFE) (TSX:LFE.PR.A) |
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