Canadian Life Companies Split Corp T.LFE

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

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Comment by OntarioDaveon Dec 06, 2013 9:45pm

161 Views

Post# 21981492

RE:RE:RE:RE:RE:RE:dilution by warrants exercise

I dont try to analyse the reasons why stocks go up or down...usually the answer comes much later after the move is already made...i more than doubled up again at $4.30 as i seen the chance on the bull flag pull back...same with the other split corps...it was easy money and experienced traders loaded up the truck on the bull flag...
OD

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