Canadian Life Companies Split Corp T.LFE.PR.B

Primary Symbol: T.LFE Alternate Symbol(s): CLSPF

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

Canadian Life Companies Split Corp > ALL out of LFE

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Comment by EdPaquetteon Jan 26, 2022 9:43am

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Post# 34361747

RE:RE:RE:RE:RE:RE:ALL out of LFE

Donwaan probably has a better number than mine. I must remember to be humble in this black art of math.

Donwaan wrote: I double checked the NAV again and think it is very close to $14.93.at the end of today, up .56% from yesterday. Don't think it's broken $15 again yet Ed. If it continues to trend up it will very soon though. I have a feeling the FED statement for tomorrow will be more market friendly.

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