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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

Comment by flamingogoldon Aug 15, 2024 1:35pm
43 Views
Post# 36180983

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

RE:RE:RE:RE:RE:RE:RE:LFE unit nav to AUg 14 = approx: $15.10Didn't get any in the 3's which is what I hoped for after that Monday selloff, which I didn't think had legs, so I bought some around $4.25 average for a swing trade. Not as low as I'd like which is why I'm keeping a tight stop loss in place and expect to get taken out. This one and DF (and DFN but don't own that one right now), I own for short trades.

mouserman wrote: So when did you buy it  lately @ 4 $ and under?  Or did u change your mind ? And stop losses are always a good idea, DF , DFN and others its nearly a must.  By the way I like DGS...  and have bought some of that one, but it has a much better margin of safety, and also has some exposure to the lifecos.


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