Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): T.LFE.P.B | 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 Dec 07 = approx: $14.56

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Post by mousermanon Dec 07, 2023 4:50pm

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Post# 35773926

LFE UNIT NAV to Dec 07 = approx: $14.56

Gain of 18 cents since the NOV 30 update, and values the commons at $4.56
Huge discount is now disappearing as LFE inches closer to the 15$ threshhold.
High interest rates are doing wonders for the lifecos, and seems the market discounts this ahead of time , as the theme seems to be interest rates getting cut early in 2024. I would not hold my breath on that.

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