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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

Post by mousermanon Mar 15, 2024 4:04pm
137 Views
Post# 35935615

LFE unit nav to March 15 = approx: $15.20

LFE unit nav to March 15 = approx: $15.20Some were selling the lifecos hard down the stretch,, maybe NAT BANK.. as they seem to have a hard on for dumping  LFE...today. At any rate the spreadsheet shows LFE making the cut easily... by 20 cents if no big changes happened. LFE may have gone to more cash , knowing they have to pay this month again. But still should be plenty of cushion.
Last sale at $4.75 means the discount is 45 cents or about 8.8% again. Earlier it was over 10%.
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