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 theblackestcaton Dec 14, 2016 5:55pm

190 Views

Post# 25601036

RE:RE:Div. Yield

Navgod; you are 100% correct - when people see the eye popping yield here compared to the indiv. lifecos, they will be all in.

I just advertised on DGS board about an hour ago to help them out as i like DGS as well. great minds think alike - But the more the merrier - even on DF board.

hopefully LFE will come out with the bi-monthly NAV update tomorrow - i'm guessing about $16.03 by my estimates, time will tell
cheers!
GLTA
TBC

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From now on, dynaCERT instead of Bitcoin or NVIDIA?