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

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Post by mousermanon Jan 31, 2022 8:51pm

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Post# 34382691

LFE UNIT NAV to Jan 31 = approx: $15.36

So LFE was one of the few to have monetary gains since the mid month update on JAN 14th.
Managed to gain just over 17 cents in that time, so the UNIT NAV after distributions of 14.5 cents = $15.36. The NAV for commons is then 5.36 after distributions.
today the discount was 37 cents at the close.
LFE has 11 holdings in the fund, main ones are the big 4 can. Lifecos.
LFE also holds 3 CAD banks , TD, BNS and CM and includes 4 US lifecos: Prudential, Lincoln , Aflac and Metlife.

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