Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

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 > Over 100% premium

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Comment by slston Jun 15, 2022 3:05pm

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Post# 34759085

RE:RE:Over 100% premium

Sounds crazy, but I got some today. Can always add some if it drops but just don't want to miss 40% per year at this entry point. With interest rates rising the Insurance Cos are locking in new premiums at great long term rates. They are trading at low P/E ratios. Have strick regulations to keep the solvent. Like Banks, Insurance is a great long term segment.

Sadly, I only sold Half when you called it over $5. Now THAT was a prophetic call. Tip my hat to you for that.

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