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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

Post by mousermanon Mar 27, 2024 5:48pm
119 Views
Post# 35956673

LFE unit nav to March 27 = approx: $15.28 before dist.

LFE unit nav to March 27 = approx: $15.28 before dist.SO after distributions the common shares would be worth $$5.11 or so...
Of course much like LCS , LFE will be trading at a discount much of the time. Even tho its had a tremendous run since the lowss hit at the end of OCT 2023, ( over doubled), i think there is more upsdie. It may not be nearly as much of a rocket-ride as that 6 month stretch..
After dist. LFE trades at a 25 cent discount, or about 5 %
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