Canadian Life Companies Split (TSE:LFE) Reaches New 1-Year High – What’s Next?

Shares of Canadian Life Companies Split Corp. (TSE:LFEGet Free Report) reached a new 52-week high on Monday . The stock traded as high as C$7.65 and last traded at C$7.63, with a volume of 79497 shares traded. The stock had previously closed at C$7.57.

Canadian Life Companies Split Stock Up 0.9%

The firm has a 50 day moving average of C$6.95 and a 200 day moving average of C$6.53. The firm has a market cap of C$82.10 million, a price-to-earnings ratio of 2.52 and a beta of 3.88. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 210.26.

About Canadian Life Companies Split

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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.

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