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 > Huge move in lifecos /banks has LFE unit nav back over 14$

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Comment by mousermanon Nov 02, 2023 10:53am

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RE:RE:Huge move in lifecos /banks has LFE unit nav back over 14$

Yes my estimate is at just over 4$... but preferreds will paid, so may be a bit under... 14$ UNIT NAV, have to wait until Quadravest updates to monthend. Really not a big difference as the discount is way over 25%... its biggest mover in the Split fund commons...

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