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

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Post by mousermanon Feb 17, 2022 10:20pm

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Post# 34440569

LFE unit NAV to FEB 17= approx: $ 15.17

SO in the 2 sessions since the update LFE has lost 20 cents off the unit nav. Very broad based selling today, altho my precious metals stocks did well.
LFE will indeed see the second distribution payment to commons, but the next one is questionable.

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