Canadian Life Companies Split Corp. Class A (TSE:LFE) has released an update.
Canadian Life Companies Split Corp. announced a monthly distribution of $0.06667 per Preferred Share, totaling $0.800 annually, with the payment due on May 10, 2024, to shareholders of record by April 30, 2024. However, Class A shareholders will not receive a distribution this time as their NAV per unit is at or below the $15.00 threshold. To date, Class A and Preferred shareholders have received total distributions of $19.41 per unit.
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