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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 > Decided today was time to take some profits
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Comment by mousermanon Oct 01, 2024 3:29pm
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Post# 36248886

RE:RE:Decided today was time to take some profits

RE:RE:Decided today was time to take some profitsNo i dont think there is too much casualty insurance  involved with the big 4 CAD lifecos in that part of  the US. But the minor holdings of US insurers for sure will be somewhat affected. Might be life insurance policies there tho.. but the death toll not in the thousands or anything.. saying maybe up to 600 at the most.. sad , sad event for many.
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