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 guesstimate =Approx: $14.50

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Mar 01, 2023 5:46pm

224 Views

Post# 35313688

LFE unit nav to Feb 28 guesstimate =Approx: $14.50

Did up a spreadsheet to FEB 28th and really was about flat today, with the US lifecos going down , while the CAD continued the rise up. Anywasy just a guess and we will see what comes about when Quadravest updates.

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023