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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 > Funny choice.
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Comment by DemDemon Sep 19, 2024 12:36pm
55 Views
Post# 36231260

RE:RE:Funny choice.

RE:RE:Funny choice.I own CM bought at $56.89 and BK bought at $9.60. I don't think banks were and are a bad choice right now. The dividend remains excellent for both stocks. I wouldn't be inclined to jump into MFC and others even though they have made a lot of progress. LFE has the advantage of grouping several. I feel more safe even though I don't like the fund manager's latest behavior. I'm going to keep it for a while longer, unless there's a drastic change.
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