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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

Comment by mousermanon Feb 15, 2022 10:42am
123 Views
Post# 34429815

RE:Will LFE pull off a Feb. distribution?

RE:Will LFE pull off a Feb. distribution?realtime NAV now showing about $15.40, as the USD gaining on CAD has helped a bit with the valuation of the US lifecos, which are all up quite sgrong this morning.
Every stock in the fund is up, as the war in RUSSIA/ Ukraine, proves to be more of  a media scare than a real threat. The real threat of war is in Canada, where the govt is trying to invoke the emergencyy measures ( the NEW war measures act) act to declare war on the freedom truckers rally. IT DOES  have to go thru parliament tho .. and even some of the Liberal MPs arent onside as yet.
Donwaan wrote: So far today the NAV has risen, there isn' t a large cushion but it looks promising to hold above the $15 threshold again. I picked up a small position this morning.


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