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 15 = approx: $15.20

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Comment by mousermanon Mar 18, 2024 9:59am

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RE:LFE unit nav to March 15 = approx: $15.20

Well so far this am the LIFECOS doing better than the banks. I believe that trend will continue, as interest rate cuts look as tho they might not happen until the fall now...
I sold some FTN this am, taking profits, and buying LFE ...

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