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Canadian Life Companies Split Corp. (LFE.TO)
| Previous Close | 6.39 |
| Open | 6.39 |
| Bid | 6.47 x 0 |
| Ask | 6.48 x 0 |
| Day's Range | 6.39 - 6.48 |
| 52 Week Range | 2.31 - 6.48 |
| Volume | |
| Avg. Volume | 75,393 |
| Market Cap | 66.277M |
| Beta (5Y Monthly) | 2.91 |
| PE Ratio (TTM) | 4.90 |
| EPS (TTM) | 1.32 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.20 (18.55%) |
| Ex-Dividend Date | Sept 27, 2024 |
| 1y Target Est | N/A |
GlobeNewswireCanadian Life Companies Split Corp. Increases Preferred Share Rate
TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the “Company”) is pleased to announce an increase in the Preferred Share dividend rate for the new six year term effective December 1, 2024. Payments will be made at the greater of 7.00% (previously 6.50%) or Prime plus 2% with a maximum of 9.00% (previously 8.00%) based on the $10.00 repayment value. The new distribution rate represents a potential increase of $0.10 per annum from the previous maximum rate. Preferr
- GlobeNewswire
Canadian Life Companies Split Corp. Declares Class A & Preferred Share Dividend
TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the "Company") declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.06667 for each Preferred share ($0.800 annualized). Distributions are payable October 10, 2024 to shareholders on record as at September 30, 2024. Since inception Class A shareholders have received a total of $8.25 per share and Preferred shareholders have received a total of $11.89 per share inclusive of th
- GlobeNewswire
Quadravest Preferred Split Share EFT Commences Trading
TSX SYMBOLS: PREF, INC.UN, FTN, FTN.PR.A, DFN, DFN.PR.A, DF, DF.PR.A, FFN, FFN.PR.A, FTU, FTU.PR.B, LFE, LFE.PR.B, PDV, PDV.PR.A, BK, BK.PR.A, YCM, YCM.PR.A, YCM.PR.B, XFM.A, XMF.PR.B, XMF.PR.C, XTD, XTD.PR.A, DS TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- Quadravest Capital Management Inc. is pleased to announce that Quadravest Preferred Split Share ETF (“Preferred ETF”) has commenced trading on the Toronto Stock Exchange under the symbol PREF. The investment objectives of Preferred ETF are to p
- GlobeNewswire
Quadravest Announces the Launch of Quadravest Preferred Split Share ETF
TSX SYMBOLS: PREF, INC.UN, FTN, FTN.PR.A, DFN, DFN.PR.A, DF, DF.PR.A, FFN, FFN.PR.A, FTU, FTU.PR.B, LFE, LFE.PR.B, PDV, PDV.PR.A, BK, BK.PR.A, YCM, YCM.PR.A, YCM.PR.B, XFM.A, XMF.PR.B, XMF.PR.C, XTD, XTD.PR.A, DS TORONTO, June 26, 2024 (GLOBE NEWSWIRE) -- Quadravest Capital Management Inc. (the “Manager’) is pleased to announce that Quadravest Preferred Split Share ETF (“Preferred ETF”) will commence trading on the Toronto Stock Exchange (the “TSX”) on June 27, 2024 under the symbol PREF. A fina
- GlobeNewswire
Canadian Life Companies Split Corp. Preferred Dividend Declared
TORONTO, June 19, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the "Company") declares its monthly distribution of $0.06667 for each Preferred share ($0.800 annually). Distributions are payable July 10, 2024 to shareholders on record as at June 28, 2024. There will not be a distribution paid to the Class A Shares for June 28, 2024 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per uni
- GlobeNewswire
Canadian Life Companies Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid
TORONTO, May 27, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred Shares and Class A Shares through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB will commence on May 29, 2024 and terminate on May 28, 2025. Pursuant to the NCIB, the Company proposes to purchase, from
- GlobeNewswire
Canadian Life Companies Split Corp. At-The-Market Equity Program Renewed
TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (“the Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until June 1, 2026, unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in March 2022 that has terminated. Any Class A Shares or Preferred Shares sol
- GlobeNewswire
Canadian Life Companies Split Corp. Extends Termination Date
TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the “Company”) is pleased to announce it will extend the termination date of the Company a further six year period from December 1, 2024 to December 1, 2030. The term extension allows holders of LFE Class A Shares (“Class A Shares”) to receive ongoing leveraged exposure to a portfolio consisting of high-quality Canadian life insurance companies as well as receiving targeted monthly distributions. Since inception of
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Similar to LFE.TO
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| LCS.TO Brompton Lifeco Split Corp. | |||
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| FFN.TO North American Financial 15 Split Corp. | |||
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Company Profile
200 Front Street West
Suite 2510, P.O. Box 51
Toronto, ON M5V 3K2
Canada
416-304-4440
https://www.quadravest.com/#!lifesplit-home/cuny
Sector(s): Financial Services
Industry: Asset Management
Full Time Employees:
Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio. It benchmarks the performance of its portfolio against the S&P TSX Financial Index. Canadian Life Companies Split Corp. was formed on April 18, 2005 and is domiciled in Canada.
