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.

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Canadian Life Companies Split Corp

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Post by mousermanon Mar 13, 2024 4:10pm

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Post# 35931295

LFE unit nav to March 13 =approx: $15.24

Big bounce back up for MFC today, and it is their biggest holding at last report. The only holding down today was IAG. All the minor holdings , US lifecos and 3 CAD banks were up today
Last sale @ $ 4.80 means the discount here is 44 cents or about 8.4%
Annual yield at this price ( if LFE pays for a year) would be 25%. I still have a lot of confidence in the lifecos with the interest rates where they are, and where they will likely be by 2024 yearend.

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