Canadian and Dividend 15 Split Corps Extend Termination Dates

The extensions aim to provide shareholders with continued leveraged exposure and targeted monthly distributions.

Canadian Life Companies Split Corp. and Dividend 15 Split Corp. announce extensions of their termination dates to December 2030 and December 2029, respectively.
The extensions allow Class A shareholders to continue receiving leveraged exposure to high-quality Canadian stocks and life insurance companies.
Preferred shareholders are expected to benefit from cumulative preferential monthly distributions.
The term extensions are not expected to be taxable events, enabling shareholders to defer potential capital gains tax liabilities.
Special Retraction Rights will be offered, allowing shareholders to tender shares based on the November 29, 2024 net asset value per unit.