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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

Post by mousermanon Feb 18, 2022 11:53am
181 Views
Post# 34442106

LFE unit nav continues to sag

LFE unit nav continues to sagSO realtime my spareadsheet has LFE @  $15.09... as IAG taakes a beating today so far..
all 4 of the big CDN lifecos are down at this point.
Buyers continue to chase the big yield here, which may be good, but also could result in a loss if LFE unit NAV drops below 15$ here in klate February.
CDN $ taking a beating as some have moved their money out of Canadian banks to somewhere safer... as Trudeaus new interpretation of our constitution seems to allow for govt intervention in banks accounts  by freezing accounts of those who want their freedoms returned.
His namecalling seems to be over the top, calling these folks gathered in Ottawa ( and those who support them across the country, terrorist, mysogynists, racists, antivaxxers  and white supremecists.
Overall i DONOT see anything positive in that for canadian banks and lifecos.

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