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 > LFE nav rising

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Comment by mousermanon Jul 23, 2024 2:22pm

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Post# 36144754

RE:RE:LFE nav rising

Mmb060 wrote: Be careful doing that calculation.. Just one distribution declared to be paid.

this was the stockwatch news:

An anonymous director reports

CANADIAN LIFE COMPANIES SPLIT CORP. DECLARES CLASS A & PREFERRED SHARE DIVIDEND

Canadian Life Companies Split Corp. has declared its monthly distribution of 10 cents for each Class A share ($1.20 annualized) and 6.667 cents for each preferred share (80 cents annualized). Distributions are payable Aug. 9, 2024, to shareholders on record as at July 31, 2024.

Since inception Class A shareholders have received a total of $8.05 per share and preferred shareholders have received a total of $11.76 per share inclusive of this distribution, for a combined total of $19.81 per unit.

The company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corp., and Sun Life Financial Inc.

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