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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

Comment by marcroberton Feb 25, 2022 1:49pm
84 Views
Post# 34462333

RE:RE:LFE unit nav to Feb 24 = approx: $14.55

RE:RE:LFE unit nav to Feb 24 = approx: $14.55this fund has spent most of the last 10 years (almost all) below $5. It is therefore high risk low reward and it makes zero sense to buy or hold it. jan feb 22 had distributions those are few and far betweeen in the last 10 years. if you think lifecos are going to skyrocket, then switch into lcs esp. in a reg account. lcs nav is north of 6, not super comfortable, but 7-8 is all time highs.

if you're trading the equity here on this one, the number of round trips that end at 4.90 is high, i see a lot of 3-4.75 ish, so we are at the top, lifecos do better with rising rates, so it might stay above 5 for a while, but i dont think well be in a 5% 10 year environment any time soon (which was the case at inception). good luck
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