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 > IAG gets hammered at the open...

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Comment by azzurrion Feb 21, 2024 3:58pm

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RE:RE:RE:RE:RE:RE:RE:IAG gets hammered at the open...

Hey Mouseman. What do you have the end of day NAV at for LFE following today's downturn for the insurers? How many cents towards the NAV do you feel the end of month dividends from the insurers will bring?

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload