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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 > US Fed not likely to cut as fast
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Comment by mousermanon Jun 06, 2024 1:44pm
87 Views
Post# 36075826

RE:RE:RE: US Fed not likely to cut as fast

RE:RE:RE: US Fed not likely to cut as fast
Experienced wrote: This is great news for the preferred shares I bought a while back.  

I have prefs in ENB as well as some of the splits plus others.

Low risk income plus capital gains as interest rates fall.

In terms of LFE going forward, lower interest rates are not good news for insurance companies so I wouldn't count on LFE paying out anytime soon.

I played TRP.pr.h, EMA.pr.b  TA.pr.e and a few others... always was one coming to exdivvy date before the other, so cycled the money to get a distribution almost every month. I bought in about a month ahead of ex divvy date, and nearly  always made capital gains on top of the distributions. A few times the Preferreds got taken out at my set ask price, which meant i got more in capital gains than i would have received in distributions . 
Not sure that playing the  splitfund commons is safer, but definitely the liquidity is higher  so easier to sell a big position. 
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