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

Bullboard Posts

Comment by Jack256on Nov 24, 2019 10:25pm

98 Views

Post# 30388035

RE:RE:RE:RE:RE:Distributions

Sorry... That should have been worded.(No offence to you sir, but that statement is totally nonsensical. The fund, after the close on Friday is again under the $15.00 mark, and that is before the distribution of .15417 cents. Distributions from here will be on the cusp at best in my opinion.)

Read more at https://stockhouse.com/companies/bullboard/t.lfe/canadian-life-companies-split-corp?postid=30388028#k3mgd24pzXUUHh1e.99

Bullboard Posts

How one company is disrupting PoC testing