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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

Comment by OntarioDaveon Dec 14, 2013 3:39pm
116 Views
Post# 22006627

RE:RE:RE:My post From FTN

RE:RE:RE:My post From FTN Either way dividend or no dividend it is already reflected in sp...why worry so much...set a stop and let it be...im not completely certain divy will be paid but im hoping...my main concern is not losing capital...I've made a lot on lfe and dont inrend to give it back... I respect the work of navgod and rainham in pouring over the numbers and I know we have all made a lot of money on these split corps...however I will take the wager that LFE pays out this month... I will also be ready to protect my gains since im not to bold to say I can't be wrong... BigK might be very new to split corps...I give him benefit of doubt...however if one holds long term I still say u will be just fine...dont worry so much month to month unless u absolutrly need the divedend to provide income... We will see if they pay or not this coming week... OD
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