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

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Post by mousermanon Nov 03, 2023 10:14am

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Post# 35715641

LFE unit nav in realtime @ $13.72

Nice move up today, and unfortunately not as big a discount as i had been estimating in the past few days.
Commons would have a value of $3.72 after distributions. So the discount right now is 80 cents. or about 21.5 %, still the biggest of those underwater split fund commons i follow.
FFN today with a huge gain of 7.80% due to big moves in the US holdings in the fund. Will see if they have a higher NAV tan LFE at the days end. They have a higher common share price at this point today.

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