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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 > LFE sees some profittaking
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Comment by Experiencedon May 28, 2024 2:46pm
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Post# 36060857

RE:RE:RE:RE:LFE sees some profittaking

RE:RE:RE:RE:LFE sees some profittakingflaming.....yep.....depends on investment objectives etc of course.  A while back I bought some quality prefs like ENB and locked in a 9% dividend and enjoying an 8% capital gain and expect the capital gain to increase as interest rates go down...a great risk adjusted return in my books

i also sold my LFE earlier today in the mid 4.90s that i bought last week at 4.81....just didn't like what I was seeing wrt price action 
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