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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 > Lost my nerve and sold it all
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Comment by flamingogoldon May 12, 2021 10:28am
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Post# 33182158

RE:Lost my nerve and sold it all

RE:Lost my nerve and sold it allAny green is good. LFE is never a steady payer. Buy it cheap and play this one for cap gains. A distribution would be a bonus.

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.


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