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

Canadian Life Companies Split Corp > LFE UNIT NAV TO FEB 28 = APPROX: $14.61 BEFORE DIST.

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Comment by EdPaquetteon Feb 28, 2022 11:29pm

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Post# 34469910

RE:LFE UNIT NAV TO FEB 28 = APPROX: $14.61 BEFORE DIST.

Thanks mouserman for the calculation. Gaining 50 cents seems unlikely in the next 2 weeks. It usually takes 3 months for lfe to gain 50 cents.

mouserman wrote: LFE commons then would have a value of $4.61 before dist AND approx:$4.47 after dist....
The NAV will need to gain around 55 cents to regain the 15$ threshhold to pay to commons.
About 11 sessions/ trading days until the midmonth udpate.

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