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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 28, 2024 10:12am
96 Views
Post# 36060185

RE:LFE sees some profittaking

RE:LFE sees some profittakingIsn't there a risk of getting trapped here? LFE always trades at a discount even when it's in payment territory. So if it were to trend down but people don't sell because it's at a big discount, that would increase their risk of holding at a loss and no distribution either to ease the pain. By the way, I'm not singling out just LFE, but also DF which trades at a discount.

mouserman wrote: Well it is not me selling , i have a bid at $4.92 ... no sells below $5.50... i dont sell any of my holdings EVER, at a big discount.  Not too surprising to see some profittaking in MFC , which has had a torrid rise since Early May.. rising from $32.5  MAy 1 to $36.5 at the high a few days ago. A gain of about 4$ or about  12.3%. And LFE got a 40 cent divvy on top of that.


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