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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 Experiencedon Jun 06, 2024 4:05pm
78 Views
Post# 36076147

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

RE:RE:RE:RE: US Fed not likely to cut as fastThanks mouserman...

I am looking at my prefs as cycle hold - that is until I think the rate cuts are finished and then I will sell out.  I am not actively trading them as I am the split share commons.

As an example, my ENB prefs have a 9% yield and so far my unrealized capital gain is about 7.5%. I we see the 100-150 basis point drop in interest rates that people are predicting then my capital gains should be another 10% higher than what is now.  So combined with my dividends, I could see a total return of around 25% over a bit more than a year at practically no risk.

At my age and risk tolerance that suits me just fine....lol
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