Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): T.LFE.PR.B | CLSPF

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 > Decided today was time to take some profits

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Comment by flamingogoldon Oct 02, 2024 10:38am

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RE:Decided today was time to take some profits

Congrats to you, you did well. Never a bad thing to take profits because sooner or later the market will take them away again.

mouserman wrote: Not just the general dumping in the markets early, but US insurers are bound to see some negative from the Hurricane in SE US.. Likely damage in the hundreds of billions of $, and many lives lost.
Anarchy and looting also a problem. Many trapped in their areas with no way to leave.

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