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 > Rates on their way down

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Post by flamingogoldon Aug 23, 2024 10:43am

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Post# 36193338

Rates on their way down

FED about to pivot from pausing rates to rate cuts. And, it won't be one and done. Canada will follow (and in fact is already leading). This time next year we should have rates 2% lower than today. This will be good for banks as mortgage stress is reduced. However, this might be challenging for the insurers especially LFE which struggles to get over the threshold at current high rates, now set to start dropping.

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