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 to March 9= approx: $14.24

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Mar 09, 2022 6:35pm

200 Views

Post# 34501313

LFE unit NAV to March 9= approx: $14.24

SO nice bounce back for LFE, and if they can make these kind of gains for the next 4 dasy, they could breach the 15$ mark again. That is a big ask tho....
Commons have a value of $4.24 here and at least the premium has shrunk to about 7.5%... havent seen many with such a low value BELOW 15$ trade at a premium.

<< Previous

Bullboard Posts

Next >>

@ the Bell: TSX advances to start off Christmas trading week