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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
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Post by mousermanon Sep 23, 2024 4:14pm
87 Views
Post# 36237080

LFE unit nav to Sept 23 = approx; $16.31 before dist.

LFE unit nav to Sept 23 = approx; $16.31 before dist.So a little pullback in MFC and IAG today, or UNIT NAV would have been even from yesterday.
Still looks good for distributions  for  while.. at least until the election, then its all a guess.
After distributions are factored in the commons would be valued at about $6.14   so trading at a slight discount even after dist are accounted for.
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