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.

TSX:LFE - Post by User

Canadian Life Companies Split Corp

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Mar 14, 2024 3:51pm

61 Views

Post# 35933448

Lifecos showing some resilience

GWO back in green and MFC getting close to even on the day. So i suspect the UNIT NAV should finish around $15.20 today. Would need a very bad day tomorrow to drop under 15$. WHo knows with Quadravest they may use todays close to pay as many splits as possible if they are over the 15$ level.
Altho normally they only use that strategy for their signature fav DFN....

<< Previous

Bullboard Posts

Next >>

What is the gold outlook for the rest of 2024?