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.

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Canadian Life Companies Split Corp

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Post by mousermanon Feb 17, 2022 12:25pm

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Markets bouncing back a bit....

SO early day selloff on more FEARPORN from the MSM, had the desired effect at the open, but mostly the street has shrugged off the negative and is back buying the dip.
LFE unit NAV back up to $15.20 HERE, and perhaps a premium will be attached, much like it has been for DF since they broke above 15$ unit nav.
Even today with the UNIT NAV dropping DF remains trading FLAT, not DOWN on the day like the majority of the split fund commons, including some of the ones of those trading at deep discounts .

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