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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Aug 15, 2024 10:25am

174 Views

Post# 36180452

LFE unit NAV in realtime @ $15.14

Showing a gain of over 17 cents since JULY 31 ... not many Quadravest funds with bigger gains than that... especially % wise... LFE bottomed @ around $ 4.01on Aug 7... TODAY IS THE 15TH..

<< Previous

Bullboard Posts

Next >>

Osisko Development receives permits for Cariboo Gold Project