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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

Comment by Stoiklaughon Sep 16, 2024 3:05pm
76 Views
Post# 36225916

RE:LFE continues to surge higher...

RE:LFE continues to surge higher...Same here, I gought some again this morning seeing that the Lifecos were green..

Added some at today at 5.72... average is now 5.23; 
decent profit so far... and nice dividend if I decide to keep some...

Your input is always appreciated and I like reading your posts, I find them helpfull...thanks again!

GLTA


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