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 @ $15.19

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Comment by mousermanon May 15, 2024 10:45am

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Post# 36041073

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

azzurri wrote: Great perspective Mouseman. Interesting that they take liberties with their flagship product (DFN) but, not with other of their splits under similar circumstances. Good thing is that based on today's start to the market, and without a significant drop through the day, we should make requisite NAV by close.

UNIT NAV is flat today so hanging in there around $15.15 with a gain of 80 cents since the April 30th update. GWO and IAG pulling back for whatever reason...I think big gains may cause some profittaking as other sectors starting to bounce up now. Meme stocks are a fav for traders it appears.

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