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 12, 2019 2:20pm

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Post# 30341229

RE:Liquidity problems? Or only TD wont place order?

I use TD & Qtrade With Qtrade I have no problem with online trades with this fund.

mouserman wrote: Not sure what is going on with this stock, but as a previous poster had commented, TD wont let you buy any LFE on webbroker.
You need to call TD to place the order, and of course that is much more expensive, making it likely not worth it, unless you are spending 100K or something.
I am thinking distributions will finally be paid for at least one month on LFE here, and the yield is huge IF the NAV can stay above the threshhold for paying to commons.
But that is a non issue for me , as I am with TD and will not be placing a phone order. Too bad , as that really cuts into the liquidity side for LFE>
ANyone trading thru another broker that has no issues selling LFE online?

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