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 in realtime at about $14.30

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Post by mousermanon Sep 20, 2023 12:38pm

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Post# 35645587

LFE UNIT NAV in realtime at about $14.30

So spreadsheet showing a gain of about 7 cents since the update on AUG 31...
Discount continues to be high despite the UNIT NAV higher than FFN , or DF, which both trade much higher and getting big % buying today. 90 cents is the discount on LFE...DF commons trading at $3.42 , about the same as LFE.... the discount is about 32 cents with a UNIT NAV around $13.75.
LFE up very little and DF up over 3.6 % despite having lost 9 cents since friday.
LFE up less than 1% today... and the deal ( sale price) just keeps getting better.

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