Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by flamingogoldon May 29, 2024 8:32am
57 Views
Post# 36061886

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:LFE sees some profittakingClass action lawsuits are not out of the norm for publicly listed billion dollar market cap corps. Apple has one now. But, to your point "too much going with that company" implies it's all bad news. Lol, quite the contrary. That lawsuit was during a dark period for the company with a different CEO and board, where I might actually agree to the class action suit. But, this is not the board to discuss and every one has their own risk and comfort levels so I'll leave it at that.

Experienced wrote: Flaming...good luck with BBD.  I see that a Quebec judge has just approved a class action suit against them....just too much going with that company  for me to get a good night's sleep if I owned them....lol.  At my age sleep is very important....lol.

That said, I do agree agree with your overall philosophy regarding stock selection.


<< Previous
Bullboard Posts
Next >>