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 > LFE UNIT NAV in realtime now @ approx: $15.26

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Comment by flamingogoldon Jan 27, 2022 3:51pm

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Post# 34368319

RE:RE:RE:LFE UNIT NAV in realtime now @ approx: $15.26

Big risk to hold for a month imo just for the current distribution. A more sustained selloff will hammer this down quickly in the interim and the risks are mounting.

slst wrote:
If this a broad market pull back, and a weak market, while LFE's NAV is once again over the $15 treshold to pay 2% monthly distribution (24% annual)....than I m in. Just added some more to my position.

Insurance co's are expected to raise their dividends a decent amount once again in 2022. Interest rates rising favours Insurers as much as Banks.....so this segment will do just as well if not better over the long haul. Also, Its a heavily regulated industry for safety. IMHO.

It Makes sense to me to add at a discount to NAV. Do your own due deligence.