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 > MFC Q report on AUGust 7

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Comment by flamingogoldon Aug 05, 2024 2:34pm

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Post# 36164864

RE:RE:MFC Q report on AUGust 7

All I read about is what the "market" wants which is a cut but not of any emergency meeting currently in place. The FED cutting now just days after their policy meeting is egg on their face. I'm not saying it won't happen or that they should have cut, but what changed in a matter of days? Is the market trying to force Powell's hand here?