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 Sept 10 = approx; $15.87

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Comment by NoShoesNoShirton Sep 10, 2024 6:12pm

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RE:LFE unit nav to Sept 10 = approx; $15.87

mouserman wrote: Showing a gain of 20 cents since Aug 30 by my spreadsheet.
Commons now valued @ $5.87 and with the last trade @ $5.27.. over a 10% discount for the split fund common with the biggest gain from Quadravest split funds since the monthend update.
Also the one with the lowest UNIT NAV on that date.

Similar nav to DGS, but you can buy it a dollar cheaper.

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