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 > LFE

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Comment by Investability00on Jan 26, 2023 11:25am

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Post# 35247786

RE:LFE

DemDem wrote: LFE's four main stocks are up and this is expected to continue because of rising rates. It's only a matter of time before LFE starts paying again. I would say within two months maximum. At that time, the stock will return to the $5 range.

I have been tracking the lifco's this morning. They are all up pretty good 1.21%, .98%, 1.32%, and.55%. In order of MFC, SLF, IAG, and GWO.

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