OVERVIEW

CORE HOLDINGS

Canadian Life Companies Split Corp. is a portfolio consisting of four publicly traded Canadian Life Insurance Companies. Two types of shares are available, a Class A (LFE) and a Preferred (LFE.PR.B).

 

 

 

To view a Split Share Fund overview please click here.

Great-West Lifeco Inc.

Industrial Alliance

Manulife Financial Corporation

Sunlife Financial Inc.

 

 

Shares held within the Portfolio are expected to range between 10-30% in weight but may vary from time to time. Top holdings by weight may include holdings other than the core holdings and up to 20% of the net asset value may be invested in equity securities of foreign life insurance companies or other Canadian or foreign financial services corporations (per the Prospectus).

 

OBJECTIVES

SHARE HIGHLIGHTS

Preferred Shares:


(i) to provide holders of the Preferred Shares with fixed, cumulative preferential monthly cash dividends at a rate equal to the greater of:  6.5% OR Prime Rate plus 2% (max of 8%) annually based on the $10.00 original issue price, and;
(ii) on or about the termination date of December 1, 2024 (subject to further 6 year extensions thereafter), to pay the holders of the Preferred Shares the $10 original issue price of those shares.

 

Class A Shares:


(i) to provide holders of the Class A Shares with monthly cash dividends as the directors of the Company may from time to time determine, and;
(ii) on or about December 1, 2024 (subject to further 6 year extensions thereafter) to pay the holders of Class A Shares such amounts as remain after paying the holders of the Preferred shares the amounts owing to them.


 

​Preferred Shares:

 

  • Fixed cumulative monthly dividends

  • Quality investments

  • Downside protection and asset coverage

  • Competitive Yield

 

Class A Shares:

 

  • Targeted monthly cash dividends

  • Quality investments

  • Leverage to performance of high quality stocks

  • Capital appreciation potential

TOP HOLDINGS

VALUATION

Holdings Sorted by weight as at October 31, 2019:

Manulife Financial Corp
Sun Life Financial Inc
Great-West Lifeco Inc

Industrial Alliance Insurance and Financial Services Inc.

November 15, 2019

NAV Pre-Distribution:

$15.08

Distribution:

-

NAV Net of Distribution:

$15.08

NAV + Total Distributions Paid to Date:

$30.62

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200 Front Street West

Suite 2510, P.O. Box 51

Toronto, Ontario M5V 3K2

 Investor Relations: 1-877-478-2372 

 Local Investor Relations: 416-304-4443

 Main telephone: 416-304-4440

 Fax: 416-304-4441

 

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info@quadravest.com

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