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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

Post by mousermanon Feb 27, 2024 11:05am
70 Views
Post# 35901392

Some profittaking this am...

Some profittaking this am...Not sure about the rush to sell, i  am still holding all mine. Tomorrow would be fine to unload some, as its ex divvy date, so you still get the distribution.  Lifecos arent going broke anytime soon, or they would not be raising dividends.  Patience here is the key. Helps to have a low average.
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