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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

Comment by flamingogoldon Aug 14, 2024 7:59pm
128 Views
Post# 36179618

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

RE:LFE unit nav to AUg 14 = approx: $15.10You may be referring to my comments of past... and I maintain that this is a sell above $5 (not quite there yet). I've always played for cap gains only and a divy is a bonus. That's how I'm playing DF as well which I currently hold. If this gets to $5 plus it will give many an opportunity to unload that got stuck from the last pop. Buy on a retracement back at low $4 or high $3's. This is not a long term hold for distributions.

mouserman wrote:  So it appears that LFE will make the cut for  distributions again this month... despite some saying LFE is always a sell at this level. Shakeout On Aug 5 created a great buying opp. and i ahve to say i missed it.  Last trade @ $4.75 leaves LFE trading at a 35 cent discount. Commons have an actual value of $5.10 here.


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