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Canadian Life Companies Split Corp CLSPF


Primary Symbol: T.LFE Alternate Symbol(s):  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 to July 30 = approx: $15.04 before dist.
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Post by mousermanon Jul 30, 2024 4:40pm
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Post# 36155051

LFE unit nav to July 30 = approx: $15.04 before dist.

LFE unit nav to July 30 = approx: $15.04 before dist.So we saw a pullback towards the last part of the day, and the net result was the Commons having a value of about $4.87 after distributions are paid out. LFE needs to gain about  13 or 14  cents by AUG 15th to make the cut again  for paying to commons.
I bought a few more today, as i think the 4 BIG CAD lifecos will again report surprisingly good earnings in August ...
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