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 16, 2024 10:27am

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Post# 36043303

LFE unit NAV in realtime @ $15.22

Showing a gain of 87 cents since Aprill 30.
Of course when Quadravest updates will have to reset all the inputs to May 15th data.
Ridiculous big discount for the highest yielding split fund common. There are those who would believe LFE will fall back under the threshhold quickly, but conditions have changed favorably for the insurers. Years of near 0 % interest are now history, one that we likely will NEVER see again.
Higher for longer is the mantra now... and THAT is great for insurers.

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