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

<< Previous

Bullboard Posts

Next >>

Comment by navgodon Sep 20, 2023 1:58pm

76 Views

Post# 35645771

RE:LFE UNIT NAV in realtime at about $14.30

First let me say I am big holder of LFE in part because of the discount but I believe your post overstates its atractiveness. It ignores the pref shares which trade around 9.70 for both FFN and DF and 10.25 for LFE. Therefor the relatve discount is much close if you compare unit nav to unit trading price. GLTA

mouserman wrote: 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.

<< Previous

Bullboard Posts

Next >>

Victoria Gold: No cyanide detected downstream since mine incident