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 > Iag increases divy 7%

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Post by lilswedeon Feb 20, 2024 5:24pm

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Iag increases divy 7%

QUEBEC CITY, QC, Feb. 20, 2024 /CNW/ - The Board of Directors of iA Financial Corporation Inc. (TSX: IAG) announced today an increase of $0.0550 in the dividend per outstanding common share for the quarter ended December 31, 2023, raising it to $0.8200. This dividend will be payable on March 15, 2024, to all common shareholders of record at the close of business on March 1, 2024.

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