Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

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

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Post by waltertorontoon May 17, 2017 2:51pm

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Post# 26256110

Bad news and good news

First the bad: a portfolio of approximately equally weighted components is down by about 3.23 (!) percent . MFC down 4.26 %, IAG 3.78 %, SLF 2.35, GWO 2.24

The good news is that recent analyst target prices for the four indicate at least 20 per cent upside:

current price target price

SLF 44.54 54.00
MFC 22.81 27.00
IAG 50.31 63.00
GWO 33.30 39.00

All values approximate

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