Canadian Life Companies Split Corp. Class A (TSE:LFE) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Canadian Life Companies Split Corp. has announced an increase in the Preferred Share dividend rate from 6.50% to a new rate of 7.00%, with a cap of 9.00%, starting December 1, 2024. Alongside this, the company confirmed the extension of its termination date to December 1, 2030, and offered an additional retraction right for shareholders. The portfolio consists of investments in four major Canadian life insurance firms.
For further insights into TSE:LFE stock, check out TipRanks’ Stock Analysis page.