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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 to Sept 13 = approx: $16.08
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Comment by mousermanon Sep 17, 2024 6:57pm
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Post# 36228110

RE:LFE unit nav to Sept 13 = approx: $16.08

RE:LFE unit nav to Sept 13 = approx: $16.08
mouserman wrote: So some nice gains again from the CAD lifecos which pushed the UNIT NAV up end of day. Spreadsheet is showing  a 41  cent gain since the udpated number AUg 30.
LFE or DF will have gained the most since AUG 30 of all the Qdrvst split funds i follow. Both are very close to the 41 cents in gains. DFN right behind at about 39 cents.
SO LFE came in a lot lower than my estimate @ $16.01.. and i would imagine they had some options taken, so as to add more cash to pay the increased distributions of the commons in the past few months. SO DF may have been the biggest gainer since AUG 30...

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