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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

Canadian Life Companies Split Corp
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Post by mousermanon May 09, 2024 4:14pm
91 Views
Post# 36032072

HUGE move for LFE, UNIT NAV May 9 = approx: $15.31

HUGE move for LFE, UNIT NAV May 9 = approx: $15.31So spreadsheet showing a gain of  96 cents since the update April 30... dont think the buyers could keep up with the price gains. MFC did not back off end of the day, and finished near the HOD @$35.19 up 4.73 % on the day.  MFC alone gained over 44.8 cents  FOR THE UNIT NAV since APRIL 30TH.
SLF REPORTS  after hours and will see what the reaction is tomorrow.
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Dealroom for high-potential pre-IPO opportunities