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 > LFE unit nav in realtime = approx: $14.91

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Comment by mousermanon Jul 15, 2024 5:06pm

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Post# 36133671

RE:RE:RE:RE:RE:LFE unit nav in realtime = approx: $14.91

azzurri wrote: Yup. This one is likely suyper close.

Perhaps Mouseman can give us an update to see how close we currently are.

As with all Quadravest split corps, they have the option of waiting to use a NAV no later than five business days prior to the record date. The record date is usually last business day of the month.

I have only seen Quadravest use that loophole for DFN..... but who knows ,maybe they are turning into lifeco fans...

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