Canadian Life Companies Split Corp T.LFE.PR.B

Primary Symbol: T.LFE Alternate Symbol(s): CLSPF

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 guesstimate to NOV 15 = approx: $17.78

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Comment by mousermanon Nov 19, 2024 9:22pm

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RE:LFE guesstimate to NOV 15 = approx: $17.78

Quadravest updated the UNIT to the 15th at $17.67. I am thinking some covered calls got taken out which should increase the cash position for the monthend squaring up on the retraction of the commons. Result today is the commons value dropped to $7.68 and the last trade AT $7.15 means the COMMONS are only discounted 52 cent or about 6.7%

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