Canadian Life Companies Split Corp T.LFE

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

Financial Services Asset Management

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 > NAV above $15 now!

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Comment by mousermanon Jan 26, 2022 11:28am

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Post# 34362384

RE:NAV above $15 now!

Donwaan wrote: As of 9:45 the NAV has gained 1.19% to $15.11 GLTA

USD vs CAD is jumping around so UNIT NAV is fluctating a bit, due to the 4 US lifecos in LFE.
But donwaan's estimate is very close at this point...LFE back in the green in a big rush...

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