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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 > Lifecos continue their run up...
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Comment by mousermanon Sep 26, 2024 12:37pm
37 Views
Post# 36242498

RE:RE:Lifecos continue their run up...

RE:RE:Lifecos continue their run up...Actually they dont have identical holdings... LCS owns ONLY the big 4 CAD lifecos.
LFE owns those as well, but the % is smaller as they also have minor holdings in BNS, CM and TD , as well as US insurers, like AFLAC, Met Life, Prudential and Lincoln ( LNC).
LCS is discounted more than LFE , mostly because of the  illiquidity and low yield ( NOW only 10%)
LCS has hit a now 18 year high today tho... and the captial gains are coming .
Gains in NAV % since AUG 30 would be very similar for the 2 tho..
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