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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 Jul 30, 2024 2:12pm
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Post# 36154797

LFE unit nav in realtime =approx: $15.09

LFE unit nav in realtime =approx: $15.09 My spreadsheet shows a gain of 6 cents since the update  July 15th.. after distributions the commons are worth about $4.92 ... still over 2 weeks until the  midmonth calculation date  for paying to commons. LFE could get there easily, as it only has to be 15$ or higher in the UNIT NAV.  So it needs to rise 8 cents.
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