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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 > LFE unit nav in realtime @ $15.23
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Comment by mousermanon May 23, 2024 11:58am
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Post# 36054102

RE:LFE unit nav in realtime @ $15.23

RE:LFE unit nav in realtime @ $15.23So with the dumpin today on LFE ( not sure why , obviously dont follow the UNIT NAV) the discount has grown to about 36 cents, or about  6.5%. COuld be some are taking profits, which could be substantial here..  or have  stop losses  to lock in gains. 
Either way was  another buying op for me, and grabbed another 1500 @ $4.88... will continue to add.
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