Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

Financial Services Asset Management

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.

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Canadian Life Companies Split Corp > Is LFE oversold ?

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Post by oldbrit34on Jan 10, 2025 6:22pm

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Is LFE oversold ?

Today we saw LFE fall 7.68% but ifI take an equal $ amount for the 4 core holdings they averaged a 1.325 % fall.In the last 5 trading days LFE has fallen 17.5%. The closing price may indicate further downside. The dividend yield is now 21.23% and I am wondering if we are near an entry point. I think I need a NAV as at the 10th. Any thoughts anyone ?

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