Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

Financial Services Asset Management

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 reported @ $14.39 ...

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Post by mousermanon Apr 17, 2024 8:09pm

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Post# 35994985

LFE unit NAV reported @ $14.39 ...

So trading at a level that is getting interesting again.. lifecos are NOT suffering inthe current interest rate environment, just getting hit by profittaking after a great year for capital gains and raised divvies.
Eventually the market will bounce back , ESPECIALLY for the lifecos, but jmho. I believe their risk is less and reward is greater than that of the CAD banks ... will see if it plays out the way i think it will.

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