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 Jack256on Nov 06, 2019 2:27am

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Post# 30313875

RE:RE:RE:RE:RE:Nav 14.93

Keep in mind that the dividends they take in from the portfoio fall way short of what they pay out to the prefered shares.

EdPaquette wrote: Of the 4 lifecos one was up 1% another 1.5% then 3.1% and last 3.9%. I made a math error that no elementary school kid should. I was so excited that all 4 were up so much in 2 weeks that I somehow tripled the gains. When I realized my error there was no way to go back in and edit the post. I'm embarrassed and should leave these predictions to mouserman. All 4 will pay dividends in December and surely top $15 Nav by the new year.

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