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 > IAG gets hammered at the open...

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Comment by flamingogoldon Feb 21, 2024 1:26pm

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Post# 35891315

RE:RE:RE:RE:RE:IAG gets hammered at the open...

Where the "bad" issue lies is in individual equities. Some tech equities are getting hammered today like Palo Alto and Teledoc (down 25%) and other high profile techs 10%. Overall, though the Nasdaq is down about 0.6%. Similarly Canadian lifeco's are getting hit in the teeth but the TSX is down only 0.4%. This is the risk of non-diversification which LFE is exposed to.

flamingogold wrote: Far fetched to say today is a bad market day. All North American indices are down less than 1% and some are even close to flat.

NoShoesNoShirt wrote: Yeah IAG is having a bad day, and it falls on a bad day for the market. They threw out all the bad news and they threw in the kitchen sink. Looking at the chart shape, IAG even with a 10% haircut is still in an uptrend. Froth is gone, but this drop is no worse than the last few. If you have any gonads, you may see this day as a buying opportunity.