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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 > New Press Release - Canadian Life Companies Split Corp. Declares Class A & Preferred Share Dividend
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Comment by lilswedeon Feb 16, 2024 9:22am
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Post# 35883864

RE:RE:New Press Release - Canadian Life Companies Split Corp. Declares Class A & Preferred Share Dividend

RE:RE:New Press Release - Canadian Life Companies Split Corp. Declares Class A & Preferred Share DividendLet's hope this is the beginning of regular monthly common divys. I have read some analysts have a target of 35.00 on Mfc, and that was before mfc increased their divy to .40. 
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