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Rank Canadian Life Companies Split Corp Preferreds

This compare tool allows you to Rank Canadian Life Companies Split Corp Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Canadian Life Companies Split Corp preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

Canadian Life Companies Split Corp Brief Overview

Visit the Canadian Life Companies Split Corp company website to see the preferred share prospectus, news and other information.

Sector: Split Share
Main Features of this Spit Share Instrument:

  1. Canadian Life Companies Split Corp. is a portfolio consisting of four publicly traded Canadian Life Insurance Companies.
  2. Core Holding: Great-West Lifeco Inc., iA Financial Corporation Inc., Manulife Financial Corporation, Sunlife Financial Inc.
NOTE: THIS IS A SPLIT SHARE INSTRUMENT BY "Quadravest funds"

Canadian Life Companies Split Corp offers two type of shares,

  1. (i) Class A shares: to provide holders of the Class A Shares with monthly cash dividends as the directors of the Company may from time to time determine, and; on or about December 1, 2024 (subject to further 6 year extensions thereafter) to pay the holders of Class A Shares such amounts as remain after paying the holders of the Preferred shares the amounts owing to them.
  2. Preferred Shares: to provide holders of the Class A Shares with monthly cash dividends as the directors of the Company may from time to time determine, and; on or about December 1, 2024 (subject to further 6 year extensions thereafter) to pay the holders of Class A Shares such amounts as remain after paying the holders of the Preferred shares the amounts owing to them.

The latest information and statistics on their common stock LFE, can be easily accessed using websites like TMX Money.

Dividend Payment Schedule: 2022MAR10 , 2021JUN10 , 2021SEP10 , 2021DEC10

Ex Dividend Date Schedule: 2022FEB27 , 2021MAY28 , 2021AUG28 , 2021NOV28

 

Canadian Life Companies Split Corp Credit Rating

The latest credit rating for Canadian Life Companies Split Corp are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term



 
 

Rank Canadian Life Companies Split Corp Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
  3. Blended (Yield | Dividend).
  4. Rate Increase Percent.
  5. Rate Increase To Value.
  6. New Spread increase. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
  7. New Spread Value.
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment. How many years will it take for the initial investment to double.
  11. Outstanding float.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data Jun-14 18:07, Model Metrics Jun-14 18:36
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
LFE-B LFE.PR.B CA1362903017 $10.41$10.48$8.99split share + 6.50%06.22% $0.6480Canadian_Life_Companies_Split_Corp




Current yields over time

The graph below shows the current yield of each Canadian Life Companies Split preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).
When viewing the graph below keep in mind the following
  1. The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
  2. For 5 year resets, at reset time the yield usually makes a substantial move up or down when the reset takes effect.