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 > LFE unit NAV drops to $13.86

<< Previous

Bullboard Posts

Next >>

Comment by flamingogoldon May 09, 2022 4:03pm

143 Views

Post# 34668291

RE:LFE unit NAV drops to $13.86

LFE has always been a good gage to determine market direction on the downside once it starts to pay. A few months ago I did warn the board to take their capital gains once this hits $5 and starts paying because it is never for long.

Also, I think oil is going to crack soon. An economy teetering on recession fears equals falling demand. Plus, the energy sentiment is extremely bullish which is ripe for a gutting.

mouserman wrote: LFE fall after paying out a few distributions has been fast, steep and vicious.
Not seeing any light at the end of tunnel right now, and this probably has further to fall.
This correction looks like the real deal, and those who shorted this above 5$ are getting great return on the short.

<< Previous

Bullboard Posts

Next >>

This junior mining stock offers billions in market exposure