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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
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Post by mousermanon Feb 27, 2024 11:32am
83 Views
Post# 35901485

BMO sinking on PCL ... BNS up

BMO sinking on PCL ... BNS upSo the 3 banks that LFE holds are CM , TD and BNS is the biggest BANK  holding at last report @ 4.5% OF THE  NAV of the holdings. That report is 3 months old now..
All 3 of the banks they hold are up today. IAG the only lifeco in green numbers tho. IAG,  of course sold off quite big in the past week... but should bounce back.
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