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 > Lost my nerve and sold it all

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Comment by mousermanon Apr 29, 2021 9:32am

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Post# 33089939

RE:Lost my nerve and sold it all

EdPaquette wrote: Made 20 cents per share over a 2 week period, which is fine. Because the calendar is about to say May, I'm jittery and got out.

Never bad to take profits, and never fall in love. THERE ARE other deals out there, which are paying to commons that trade at a discount.
LCS comes to mind.. and LBS...
LCS holds only the 4 CAD lifecos.

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