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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 @ $15.21
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Comment by NoShoesNoShirton Mar 25, 2024 2:50pm
65 Views
Post# 35951292

RE:RE:LFE unit nav in realtime @ $15.21

RE:RE:LFE unit nav in realtime @ $15.21
SuperM wrote: Thanks mouserman.

Why don't people seem to care about ~24% divi and still at a good price???

confusing to me.

GLTA
SM



Once lfe has paid a few times in a row, the selling price will catch up. 

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