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Canadian Life Companies Split Corp CLSPF


Primary Symbol: T.LFE Alternate Symbol(s):  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 > Seems to never fail
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Comment by mousermanon Aug 03, 2024 9:31am
121 Views
Post# 36162878

RE:Seems to never fail

RE:Seems to never failLooking a lot like a recession ,  and  most US expats that have moved here, say its been like a recession for most of the working folks for quite a while. Govt numbers are OK for the wealthy...but have little meaning for those working 2 jobs and using the food banks.
This correction may have a ways to go... as far as the lifecos  go,  many analysts have been pumping the lifecos as a better bet than the banks, and we should see the Q reports of the big 4 this month.
Going to be a buy here very soon. Quadravest reported LFE @ $14.97 UNIT NAV net of dist. to JULY 31 .

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Dealroom for high-potential pre-IPO opportunities