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

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Post by lilswedeon Nov 13, 2023 6:42pm

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Slf increases divy by .03 to .78

The board of directors of Sun Life Financial Inc. today declared a dividend of 78 cents per share on the common shares of the company has been declared, payable Dec. 29, 2023, to shareholders of record at the close of business on Nov. 29, 2023. This represents a three-cent increase to the amount paid in the previous quarter.

The board also announced that the following dividends have been declared on the company's Class A non-cumulative preferred shares, payable on Dec. 29, 2023, to shareholders of record at the close of business on Nov. 29, 2023.

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