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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

Comment by mousermanon May 08, 2024 5:36pm
66 Views
Post# 36029843

RE:RE:LFE unit nav in realtime @$14.94 with Q earnings on tap...

RE:RE:LFE unit nav in realtime @$14.94 with Q earnings on tap...I do believe the big 4 CAD lifecos have  Q dividends adding up to $2.56   in total.
MFC 40 cents, SLF  78 cents IAG 82 cents and GWO 56 cents.. altho that was last Q ...Those will be accounted for on ex divvy date. Outside of the big 4 there are also dividends from the minor holdings, 4 US insurers and 3 CAD BANKS, TD, CM AND BNS.
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