Canadian Life Companies Split Corp T.LFE

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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Feb 16, 2024 10:16am

124 Views

Post# 35884038

Bought more this am

NAV keeps on rising... all 4 CAD lifecos up and most of the other minor hodings as well.
Just the amount of dividends being collected in the next 2 weeks, should keep the gains rolling in.
My average cost gives me a yield of 28% after trading it the past month, or two.

<< Previous

Bullboard Posts

Next >>

Cyberattack will leave lasting reputational damage to London Drugs