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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 in realtime @$15.31
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Post by mousermanon Aug 21, 2024 12:16pm
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Post# 36190022

LFE unit nav in realtime @$15.31

LFE unit nav in realtime @$15.31Showing a gain of 16 cents since the update on thursday..not bad gains compared to much more favored plays like FTN,FFN  , DFN and DF......MFC went exdivvy today and i believe IAG in next  on the 23rd. What a run IAG has been on.. it should have moved up quite a lot in % of NAV,... unless LFE took some off the table with covered calls.
 Closed the end of JUNE @ 85.91 today is 101.58 at last reported sale. Gain is $15.67 or about  18.2%... amazing how many split fund do not hold this one. Brompton seems to have it in nearly every fund .. except for SBC, and it may  even have in the FInancial ETF... LFE is the ONLY split fund common with IAG in it. 
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