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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 > Selling this morning for those wondering
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Comment by deisman03on May 30, 2024 1:36am
66 Views
Post# 36063702

RE:RE:RE:RE:RE:Selling this morning for those wondering

RE:RE:RE:RE:RE:Selling this morning for those wonderingI believe that's only if you have the cash in your account?

When I read the change of regulation notice, it appears that if you sold something else that day and are waiting for funds to pay for the purchase, it may not clear until the funds are verified in your account. 

Ok for those trading on margins. 

GLTA the good folks here. 
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