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 to AUg 14 = approx: $15.10

<< Previous

Bullboard Posts

Next >>

Comment by Snowsnakeon Aug 14, 2024 5:08pm

55 Views

Post# 36179311

RE:LFE unit nav to AUg 14 = approx: $15.10

I missed it too, though I put a bid in on Aug 6, it just didn't get filled. Price rebounded too fast for me.
Its fair to say that LFE has spent very little time above $5 over the past 6 years.
You think this time will be different?

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing