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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 > Hard to believe sellers are dumping LFE this morning
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Post by mousermanon May 22, 2024 11:13am
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Post# 36051980

Hard to believe sellers are dumping LFE this morning

Hard to believe sellers are dumping LFE this morningOf all Quadravest split funds, LFE has the lowest UNIT NAV of those that are paying, and has by far the biggest gains since mid month, now at about 32cents.  Also has the highest yield if it pays all year ( which i believe they will). As long as the US has higher for longer interest rates, the lfiecos will outperform the banks and the general markets. Exception might be precious metals ...
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Dealroom for high-potential pre-IPO opportunities