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 > Reset all LFE holdings to Nov 15 close.

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Comment by mousermanon Nov 18, 2024 6:25pm

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Post# 36318848

RE:RE:Reset all LFE holdings to Nov 15 close.

I dont think the covered call income or loss will be signifcant, if history is any indication. They had a big cash position already at 18%.. and I think that is in advance of some folks retracting common shares. Thye also had to pay out 17 cents in distributions, but that was accounted for so would not affect the cash positions.

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