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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

Canadian Life Companies Split Corp > LFE continues to surge higher...
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Post by mousermanon Sep 16, 2024 2:45pm
104 Views
Post# 36225881

LFE continues to surge higher...

LFE continues to surge higher... Unit nav at present would be up around.. $16.17 showing a bout a 50 cent gain since AUg 30...
SO commons would be valued at about $6 after distributions are paid to commons and preferreds.
Significant discount, as I am sure many are hoping for a pullback to get in.. i am one of those. DID NOT GET as many as i wanted a month ago... and actually some sold  at My Ask a few sessions  ago.
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Dealroom for high-potential pre-IPO opportunities