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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 > No surprise
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Comment by NoShoesNoShirton Apr 16, 2024 11:56am
45 Views
Post# 35991670

RE:RE:No surprise

RE:RE:No surprise
flamingogold wrote: There is a huge risk owning a split that pays sporatically. Once it stops paying, the share price tanks and it can take months to recover from the negative capital loss. This is why it receives a constant discount to NAV even while it is paying.

LFE will be back over $5 eventually but I prefer to buy it unloved and wait for that recovery. I get a nice cap gain, which is my goal, and any distribution is a bonus. Usually, I don't wait that long before selling again.

Toppicks1 wrote: This one pays for 2 months and then looses 20% in a couple weeks. These ones that have little to no safety are not worth it. 



When quadravest lists the nav as of the 15th, it's going to be around 14.30, and it continues to drop. This needs a fork stuck in it. Done.
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Dealroom for high-potential pre-IPO opportunities