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 April 5 = approx: $14.99

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Comment by DemDemon Apr 08, 2024 12:12pm

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Post# 35976930

RE:RE:LFE unit nav to April 5 = approx: $14.99

It seems to me that your shortcut is quick. Yes rates will gradually drop, but insurance company investments are not made just for one year at a time. I believe that they are currently taking advantage of this to invest in the medium term. Minimum 3 years. I believe that insurers' revenues will be there for a good while. Also, MFC have changed their type of investment a lot in the last year. This is no longer the company of yesterday. The future is green. Finally, I believe that the LFE distributins will be around for some time to come. I'm not ready to throw in the towel so quickly, otherwise why did I invest in LFE?

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