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 > Not unexpected, the lifecos pullback.

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Comment by mousermanon Nov 08, 2024 5:16pm

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Post# 36304047

RE:RE:Not unexpected, the lifecos pullback.

I was referring to covered calls prior to the election before the update OCT 31.. UNIT NAV at approx. $17.51 if my guess is close .
Still no update from Quadravest as to LFE cash position and it was @ 15% . Must be working on it still. My guesstimate says if cash stayed the same , the UNIT NAV will have gained 1.20 since the OCT 31 update. All 4 CAD lifecos are up substantially since then, despite the profittaking today. 2 of the 3 CAD banks in the holdings also went up today. Value of the commons is $7.51 and with the last trade @ $6.68 the discount is 83 cents or about 11%..!!

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