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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

Canadian Life Companies Split Corp
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Post by mousermanon May 15, 2024 4:08pm
147 Views
Post# 36041906

LFE unit nav to May 15 = approx: $15.11

LFE unit nav to May 15 = approx: $15.11So only MFC was in green numbers today, but LFE has still gained about 76 cents since April 30th...
Last trade @ $4.84 means the discount is about  27 cents , or about  5.3%.. SPREADSHEET  has the NAV of LFE @ $5.11. It is likely we dont see the midmonth update until friday after the close.
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