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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 > The ghost of 5 returns
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Post by flamingogoldon May 23, 2024 12:27pm
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Post# 36054157

The ghost of 5 returns

The ghost of 5 returnsLFE will be paying but above $5 seems to be an omen. Never seems to hold for long. We would need an explosion of inflation and higher rates for LFE to stay in the payment zone for an entire year. Personally, I am not in that camp but I would say owning a split that is below it's NAV makes for a good capital gain play and that is how I look at this one and the distribution, when it pays, is gravy.
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