Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): T.LFE.PR.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 holdings all up...

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Comment by EdPaquetteon Feb 08, 2022 6:30pm

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Post# 34410601

RE:RE:RE:RE:LFE holdings all up...

He means 15.73

mouserman wrote: Well my spreadsheet says UNIT NAV now @ $17.73 , and LFE has gained about 37 cents since the JAN 31 update. So would have to go up a lot to get a 10% + premium that would be required for an offering. Right now its at quite a discount, and would be the only SPLITFUND COMMON paying over 17% that is.

MarcoArashO wrote: The question is until WHEN will it last?
Will numbers go up to the $7-8s, or will we have a lot of overnight offerings when premiums get too high?
Oh the fun of splitshares.