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

<< Previous

Bullboard Posts

Next >>

Post by MarcoArashOon Feb 09, 2022 2:38pm

117 Views

Post# 34413662

Solid discount - why not that many bites?

Bought 4K shares @ 5.43 to go along with my 1K shares at 4.83 (Jan 23).

How has this discount not caught on yet with others?
Running too close to the NAV cutoff? Unclear due to lifecos reports not out yet? Waiting for distributions to be announced? Something totally different?

<< Previous

Bullboard Posts

Next >>

This junior mining stock offers billions in market exposure