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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 > I was planning on being patient
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Post by HappyFrogon Jan 08, 2022 2:35pm
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Post# 34296430

I was planning on being patient

I was planning on being patientBut once reaching the level for the payables. (finally loll)

I m not sure if I will keep it for the dividends.  I guess it depends on the behavior of the LifeCos stock with the pressure of  interest rates.(I expect it to be good thing for them)

It will be a difficult decision to take for me.  Somewhat more nervous

great YOC...when it  pays....

2020 2X
2019 1X
2018 1X
2019 9X
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