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 to May 14 = approx: $15.15

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Post by mousermanon May 14, 2024 4:42pm

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Post# 36039668

LFE Unit nav to May 14 = approx: $15.15

So the spreadsheet showing a gain of 80 cents since the updated number April 30th.. I think LFE gained more in UNIT NAV than any of Quadravest split funds.. by quite a bit. FFN i think had the next biggest gain @ 62 cents. It also trades at a discount. Altho not as large as LFE's , but FFN has about a dollar more safety.
I sometimes think LFE gets no respect because LCS consistently trades at a discount no matter how much the gains are in UNIT NAV.. people apparently love to hate the lifecos.

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