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 > LNC up 7.5% and AFL up over 9%

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Aug 01, 2024 1:25pm

70 Views

Post# 36158625

RE:LNC up 7.5% and AFL up over 9%

mouserman wrote: SO those 2 insurers are definitely bucking the trend that is taking down most of the financials stocks in my list.
Still strange that despite the strong US results, and the bullish comments from analysts, that the BIG 4 CAD insurers are heading lower.

MFC and the rest of the big 4 getting kicked hard, again throwing the baby out with the bathwater..

<< Previous

Bullboard Posts

Next >>

Unique Battery Metals opportunity in Quebec