Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): T.LFE.P.B | 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.

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Canadian Life Companies Split Corp > LFE paying dividends?

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Post by kurtwalteron Dec 06, 2023 1:03pm

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LFE paying dividends?

I suppose once the NAV of LFE and LFE preferreds reaches 15.00. LFE will start paying dividends. NAV as of November 30, after distributions, was 14.38, and the portfolio value seems to have increased by about 1% since then. With a 10 cents dividend, depending on the price of LFE, yield will be between 24% and 20%, in my estimation

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