Canadian Life Companies Split Corp

Canadian Life Companies Split Corp is a CA-based company operating in industry. The company is headquartered in Toronto, Ontario. The company went IPO on 2005-04-18. Canadian Life Companies Split Corp. is a mutual fund company. The company invests in a portfolio of four publicly traded Canadian life insurance companies: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc. Its objectives are to provide holders of Preferred shares with a cumulative preferential floating rate monthly dividend at an annual rate equivalent to the greater of, 6.5% based on the $10 original issue price and the prevailing Canadian prime rate plus 2% annually based on the $10 original issue price, to a maximum of 8% and to pay holders the original issue price of $10. Its objective with respect to holders of Class A shares with such dividends as the directors of the Company may, from time to time, determine and to pay on the termination date such amounts as remain after paying the holders of Preferred shares the amounts owing to them. Its investment manager is Quadravest Capital Management Inc.