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 in realtime @ approx: $15.23

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Post by mousermanon Mar 13, 2024 11:12am

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Post# 35930524

LFE unit nav in realtime @ approx: $15.23

So MfC bouncing back nicely and when the biggest holding jumps up , it makes a difference.
Spreadsheet now sholwing a gain of 33 cents since Feb 29....
will see how it finished today, but friday could see another big day up if LFE looks to be a lock to pay.
Discount here is about 40 cents or about 7.5%

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