Canadian Life Companies Split Corp T.LFE.PR.B

Primary Symbol: T.LFE Alternate Symbol(s): CLSPF

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012. The Company will invest primarily in a portfolio of common shares of Proceeds: (the ``Portfolio) which will include the following publicly traded Canadian life insurance companies (the ``Portfolio Companies), each of whose shares will generally represent no less than 10% and no more than 30% of the net asset value (``Net Asset Value) of the Company: Great-West Lifeco Inc.

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Canadian Life Companies Split Corp

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Post by flamingogoldon Feb 14, 2022 2:00pm

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VIX pushing 30

Fear remains elevated and approaching the boiling point of last month at 33 and largely disconnected from the indices... at the moment.

Holding this on the cusp requires nerves of steel. It was a far better deal to own it back in March 2020 when everyone was running. Instead of buy low, sell high, we could see the opposite if the VIX pushes past 33.

Watch the VIX

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This junior mining stock offers billions in market exposure