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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

Canadian Life Companies Split Corp
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•••
Comment by theblackestcaton Feb 15, 2017 5:09pm
243 Views
Post# 25851511

RE:WE GET OUR 19% DIVIDEND AGAIN

RE:WE GET OUR 19% DIVIDEND AGAIN yup grinch your right! I hope at some point we get a pull back to the 5.90s but i'm still accumulating here. What a diamond in the rough this is,

Split Corps are a very neat fund structure don't you think?, basically they lets you get paid accordingly for the level of risk you are willing to take!
 
If your willing to take risk for a 15-16-18-20+ % div = Buy the Class A
If you want a basically risk free 5% = Buy the perferred
nothing wrong with either :)
Love it  

GLTA 

TBC
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities