Canadian Life Companies Split Corp. (TSE:LFE) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$2.52 and last traded at C$2.66, with a volume of 25900 shares. The stock had previously closed at C$2.85.

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About Canadian Life Companies Split (TSE:LFE)

Canadian Life Companies Split Corp. is a mutual fund corporation. The Company invests primarily in a portfolio of common shares of approximately four core large capitalization Canadian life insurance companies, such as Great West Lifeco Inc, Manulife Financial Corporation, Industrial-Alliance Insurance & Financial Services and Sun Life Financial Inc The Company offers two types of shares: Preferred shares and Class A shares.

Read More: Leveraged Buyout (LBO)

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