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 to Feb 21 = approx: $15.04

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Post by mousermanon Feb 21, 2024 4:38pm

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Post# 35891811

LFE unit nav to Feb 21 = approx: $15.04

Spreadsheet now showing a loss of 31 cents since the FEB 15th update. Yester day the NAV was over $15.40 so lost nearly 40 cents in one day. Looking at the Q reports , i would say LFE is oversold. Not sure who was shorting the stocks today, but a far cry from a few days ago when MFC released their QW report and ioncreas3d the divvy 9 %. In fact ALL 4 lifecos increased their dividends. Now jmho, but that does not spell disaster in most cases.

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