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.

TSX:LFE - Post by User

Canadian Life Companies Split Corp

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Feb 22, 2024 4:05pm

86 Views

Post# 35894242

LFE unit nav to FEB 22 = approx: $15.17

So a pullback late in the day on IAG, while the other 3 main lifecos had great days.
That would be the UNIT NAV after distributions are paid, and dividends are collected as of exdivvy date. Only FFN would have an annual yield higher than LFE at this point. OF course that is IF they both continue to pay for a year.

<< Previous

Bullboard Posts

Next >>

What is renewable energy's role in the future energy equation?