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.

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Canadian Life Companies Split Corp

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Comment by Jack256on Nov 08, 2019 2:43pm

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Post# 30328936

RE:RE:RE:question for Mouserman

Summary of Investment Portfolio All holdings as at May 31, 2019 Name Weighting (%) Sun Life Financial Inc. 23.4 Manulife Financial Corporation 23.0 Great-West Lifeco Inc. 13.8 Industrial Alliance Insurance & Financial Services Inc. 13.7 Canadian Imperial Bank of Commerce 3.0 Metlife Inc. 2.8 Lincoln National Corp. 2.1 Aflac Inc. 1.9 Toronto-Dominion Bank 1.6 Prudential Financial Inc. 1.3 Bank of Nova Scotia 1.2 Royal Bank of Canada 0.1 Total long positions as a percentage of net assets 87.9 Cash 11.8 Other net assets (liabilities) 0.3 100.0

Aug 30/2019

Sun Life Financial Inc 22.5 Manulife Financial Corp 21.4 iA Financial Corporation Inc 15.2 Great-West Lifeco Inc 13.0 Canadian Imperial Bank of Commerce 3.0 MetLife Inc 2.7 Lincoln National Corp 1.9 Aac Inc 1.8 Bank of Nova Scotia 1.3 Prudential Financial Inc 1.2 Toronto-Dominion Bank 0.6 Royal Bank of Canada 0.1

oldtrustguy wrote: You are probably right . Not sure where I screwed up
I have the June 30 and the new Aug 30 as follows
numbers are approximate.

stocks by %%

stock>>>>>>>>>>>>june 30 >>>>>>>>>>>>>>>>>aug 30
BMO    9.4% NIL%
BNS 9.7    1.3
CM 9.5    3.0
GWO    9.2 13.
IAG 10.4 15.2
MFC    10.3 21.3
NA 10.1 NIL
RY 10.1 1.0
SLF 10.5 22.5
TD 10.2 6.0
plus they have added 4 U.S. financials