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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 > Moving to the sidelines here
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Comment by mousermanon Aug 21, 2024 5:17pm
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Post# 36190756

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

RE:RE:RE:RE:RE:Moving to the sidelines hereI forgot to say in the last post, i have bought quite a load of LBS ... it is the leading gainer since AUG 15 of all the split funds i follow, now at a discount. SO it is  (for me) a better buy  than either DGS or BK.. If i was to buy for lifeco upside it would be LCS, which is always undervalued.  BUT LBS holds all 4 too...Probably as big a discount on  LCS as it as on LFE... 
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