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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

Comment by flamingogoldon May 15, 2024 9:50am
60 Views
Post# 36040889

RE:RE:RE:RE:RE:LFE unit nav in realtime @ $15.19

RE:RE:RE:RE:RE:LFE unit nav in realtime @ $15.19DFN is Quadravest's bread and butter fund. They will do whatever they can to pay out on that one. The rest will need to meet the guidelines. Having said that, today's US CPI# was a sigh of relief for investors and that is moving up the indices. LFE is already in payment territory so a distribution is a slam dunk here.

azzurri wrote: As has been noted in the past by AnEducator, the Quadravest splits are not hard coded to the 15th of the month NAV. If there's a drop below $15 NAV at close tomorrow, they may use today's closing NAV or a future NAV within the next couple of weeks that attains the $15 level. Just go look at what they did with DFN last month.


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