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.

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Canadian Life Companies Split Corp > The value of LFE should remain at 16.60

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Comment by mousermanon Sep 27, 2024 9:46am

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Post# 36243865

RE:RE:RE:The value of LFE should remain at 16.60

Snowsnake wrote: "I normally add the amount of the dividend to each holding"; does this mean you are adding shares to the account like a DRIP? I would have thought it would simply be held in cash ($US or $CDN).

If GWO gets creditted with the dividend on ex divvy date , I add that amount to the stock price. It balances the books.

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