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 > Lifecos continue to roll, divvies coming in the next 2 weeks

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Post by mousermanon May 16, 2024 1:07pm

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Lifecos continue to roll, divvies coming in the next 2 weeks

So ALL 4 CAD lifecos going ex -divvy in MAY, next one is MFC .40 cent dividend , i believe on May 21. IAG goes ex divvy on the 23rd, pays 82 cents. SLF and GWO both at the end of MAY.
AS well Prudential goes exdivvy on MAY 20.. and tho its a small holding the payout is $130 USD. AFLAC also going es divvy on may 21 , but only 50 cents.
Metlife went ex-divvy on MAY 6 so that was accounted for before the 15th update.

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