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 March 6 = $15.15

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Comment by NoShoesNoShirton Mar 06, 2024 6:58pm

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RE:LFE unit nav to March 6 = $15.15

mouserman wrote: So biggest holdings in LFE bounced back up a bit end of the day. Minor holdings were all green.
Last trade was at $7.78 on the commons, so the discount starting to narrow , now at 37 cents or about 7%.

Man I'd be rich if it traded at 7.78. Maybe someday but not today.

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