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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 > Moving to the sidelines here
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Comment by flamingogoldon Aug 21, 2024 4:19pm
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Post# 36190651

RE:RE:RE:RE:Moving to the sidelines here

RE:RE:RE:RE:Moving to the sidelines hereI'm already holding enough in splits as it is so I really needed to lighten up a bit. FED is about ready to pull the trigger on a Sept cut so the market is happy about that. But, all it takes is one or two bad press days and we could see some selling kick in. My average on LFE wasn't low enough to hold through that. With DGS my avg is in the 1's so no worry about that one. And BK pays either way.
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