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 22, 2024 10:09am

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Post# 35893088

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

Sorry I wasn't specific enough. I meant the upcoming dividends from the underlying insurer holdings adding roughly 16 cents to the NAV. I see from mouseman's posting that those will be gobbled up by the upcoming div payment to preferreds and class As. Good news is, no deterement to LFE's NAV for this payment cycle attributable to dividends.

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