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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Jul 23, 2024 2:20pm

108 Views

Post# 36144749

LFE unit nav in realtime @ approx; $14.80

Last i looked it was down about 23 cents from July 16.... but i will do the full update after the close.
Really LFE could get back above 15$ by mid AUGUST but would need to gain 40 cents or so after distributions are dished out.

<< Previous

Bullboard Posts

Next >>

Nvidia reports record revenue in Q3