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 > Selling this morning for those wondering

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Comment by flamingogoldon May 30, 2024 8:29am

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Post# 36063945

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

According to WebBroker it went into effect beginning of this week:

Subject: Reminder: Shortened Trade Settlement Dates Starting May 27, 2024

Canadian markets will shorten the trade settlement cycle to one business day starting Monday, May 27, 2024. For U.S. market participants, the shortened trade settlement cycle will start on Tuesday, May 28, 2024. This change will impact trades for stocks, Exchange-Traded Funds, fixed income securities and most mutual funds.

What does this mean for you?

Starting May 27 in Canadian markets and May 28 in U.S. markets, your trades involving the securities mentioned above will settle sooner (one business day) than their current settlement time (two business days). Please note, if you make a security purchase on and after these dates, you will need to have sufficient funds available within the shortened trade settlement cycle of one business day.

You now have until 4 p.m. ET to place mutual fund orders, including money market funds and Investment Savings Account (ISA) orders, which may be used to settle your balance.