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 Nov 20, 2024 4:52pm

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Post# 36322594

LFE unit nav to Nov 20 = approx: $17.72

Showing a gain of about 5 cents now on revised spreadsheet. So commons now valued @ about $7.72 and last trade @ $7.12 leaves a discount of 60 cents or about 7.7%

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