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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 Shirtlessnomoreon Mar 05, 2020 12:49am
83 Views
Post# 30768639

RE:RE:RE:what the better buy right now: LFE, LCS or LBS?

RE:RE:RE:what the better buy right now: LFE, LCS or LBS?Every life co in this bunch has been beaten down and undervalued for no reason other then the virus crash, as the prices come back so will this, which in turn is also way undervalued. Just my take, mouserman is definitely far more informed in this department then I am. He is unquestionable the split co guru! I think things have to improve before this divvy will be paid tho. Again mouserman would know best tho ..... .... quote=sandysouci]thanks Mouserman... what is your reasoning please?[/quote]

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