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

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Comment by mousermanon Aug 15, 2024 11:04am

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Post# 36180584

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

Yeah i remember a few weeks ago you were saying buy at 3$ and hard sell at 4$ how did that work out for you...? People who were buying at 4$ were a lot smarter... Lifecos earnings and fundamentals are pushing those up, not some charts from when the interest rates were near 0%.

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