Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

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 Feb 08, 2024 6:51pm

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Post# 35871287

LFE unit nav to Feb 08 = approx: $14.97 before dist. to pref

So a big pullback after the big jump up on wednesday. The only green in LFE was SLF and only up a few tiks.
Good time to accumulate on pullbacks as the lifecos upcoming reports should look better than the banks... All 3 CAD banks in LFE were also down today, and only BMO was in green numbers of the BIG 6 CAD banks. Still heavily discounted with the last trade @ $4.50 today.... after dist to preferreds the DISCOUNT is approx: 8.1%. I was adding a few more today near the low.

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