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LQWD Technologies Lightning Network Infrastructure Surpasses 1 Million Global Transactions (click to learn more)
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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 17, 2024 1:52pm
133 Views
Post# 36045935

LFE unit nav has gained 25 cents since MAy 15 ....

LFE unit nav has gained 25 cents since MAy 15 ....Update will be out tonight , but this is looking really good for LFE and the insurers. Even the 3 CAD banks all joining in the gains. My guess is about $15.11 for the update number to MAY 15 so UNIT NAV today( at this point in time),  would be $15.36 if that is the case .
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