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 in realtime @ approx; $15.38

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Comment by mousermanon Feb 15, 2024 12:24pm

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RE:RE:LFE unit nav in realtime @ approx; $15.38

Dont see LFE dropping below 15$ today, with the big move up in MFC, and good upward momentum in SLF and IAG. Not sure why some are negative on GWO today and selling. Obvious to me that things are ok if they are jacking the dividend by 7%. So unit nav in realtime on my spreadsheet is approx: $15.31 right now. Some great dividends from all holdings will be added to the value in the coming month or so. US lifecos are doing well today, but they are just small holdings in LFE.

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