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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

Post by mousermanon May 17, 2024 10:40am
111 Views
Post# 36045378

LFE all holdings in green today

LFE all holdings in green today$ CAD lifecos, $ US insurers and the 3 CAD banks all are up this am... LFE not getting much respect as  it stays flat today. BUT many of the paying Quadravest split funds are trading at discounts. So just kind of a sign of the times'...  happy to hold this for now, getting at 29% annual distributions yield at this point. AND i expect it to keep paying given the good fundamentals in this high interest environment.
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