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.

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Canadian Life Companies Split Corp > LFE diving as stop losses get hit.

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Post by mousermanon Feb 28, 2024 3:33pm

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LFE diving as stop losses get hit.

Altho LFE would barely be below the level for paying, suddenly the prospects of lifecos are not as good as most analysts believe. Given the stubbornly high interest rates, and the good Q results from the majority of the insurers, one would think LFE's chances of continuing to pay for the next while would be good. Will see what happens in the next few weeks. I did not have stops in, and wishing now that i had.. as you never know what going to happen on ex divvy day...

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