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Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s):  T.LFE.PR.B | CLSPF

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

Post by mousermanon Feb 04, 2022 10:44am
107 Views
Post# 34397467

Big 4 Lifecos start off strong , but back off

Big 4 Lifecos start off strong , but back offSO the big 4 now showing mostly red on the TSX... but not down a lot.
Most of the markets seem to be very bullish as countries around the world begin declaring the pandemic over. This with record cases in some of the countries, who have now decided to let Omicron run and create herd immunity. This has fuelled hope that countries and their economies  can return to normal.
Saskatchewan in Canada has announced removing all covid restrictions  soon, and Alberta is following their lead.

Alberta and Saskatchewan have taken the lead among provinces and territories in signalling their intentions to soon remove most, if not all, remaining COVID-19 public health restrictions.

Premier Jason Kenney says his government will announce next week a date to end Alberta's COVID-19 vaccine passport, as well as a phased approach to ending almost all COVID-19 health restrictions by the end of the month, provided the pressure on hospitals continues to decline.

Meanwhile in Saskatchewan where COVID-19 related hospitalizations are at their highest level since the pandemic began, Premier Scott Moe says he's committed to ending all COVID-19 restrictions soon

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