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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 > Like clockwork
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Comment by azzurrion Jun 13, 2024 4:14pm
108 Views
Post# 36087901

RE:Like clockwork

RE:Like clockwork

Yes. I recall you saying this the last time and I did just that. Bought up through the run to $15 NAV and then sold. Started to get back in at $4.50 while averaging down during this slide.
Question becomes, why are the lifecos selling so strongly as some of the indicies (S&P, Nasdaq) rise while others (TSX & DOW) fall? Is it a by product of lower intererst rates on the horizon? Analysts' one year predictions for LFE's key CAN holdings are all double digit % increases. Earnings for the past two quarters have been majority beats.

@Mouseman, where are we at with LFE's NAV following these past two blood letting days???

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