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Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s):  CLSPF | 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

Post by Donwaanon Jan 16, 2025 2:41pm
77 Views
Post# 36407660

Canadian life insurance companies

Canadian life insurance companies ... are entering 2025 with positive momentum, having outperformed the market for the third consecutive year, also surpassing the Big Six banks in performance. The Globe's David Leeder writes in the Eye On Equities column: "Lifecos outperformed the Big Six banks for an unprecedented third year in a row in 2024. Although there are several reasons to be bullish on lifecos, we believe this period of relative outperformance will fade in 2025. We believe bank stocks should benefit from an economy more supportive of loan growth and capital markets activity, leading to positive EPS revisions. ... However, that statement does not mean that we are negatively skewed toward the lifecos as we believe there are several tailwinds for the stocks." MFC and SLF rated outperform. https://www.stockwatch.com/News/Item/Z-C!MFC-3642158/C/MFC
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