Canadian Life Companies Split Corp T.LFE

Buzz on the Bullboards: Volatility persists in the face of economic indicators

[mouserman]

Forgot to add in GWO divvy... so and missed some inputs on CAD banks. Loss was about 3  pennies..since MAY 15...  

[mouserman]

So lifecos and banks bounced back a bit at days end.. and  UNIT NAV ended up  down nearly 6 cents since the MAY 15 TH  update.  WIll have to see if any of the split funds i track

[NoShoesNoShirt]

Thanks mouserman 

[mouserman]

Pullback end of the day on all the CAD lifecos, sent the UNIT NAV back down. After distributions the value of the  commons would be $4.75. SO LFE now trading at a penny premium after the

[mouserman]

Showing a gain of a penny now with GWO divvy added in. Not a stretch to think LFE may be able to gain 17 cents in the next 10 sessions. Distribution is 17 cents for commons and preferreds.

[Experienced]

Do you have an early read on the NAV right now Thanks

[Experienced]

Thanks flaming....but brain dead from hiking up one of the mountains behind my friend's condo yesterday with someone 15 years younger than me.....got my Mondays mixed up....lol 

[flamingogold]

According to WebBroker it went into effect beginning of this week: Subject: Reminder: Shortened Trade Settlement Dates Starting May 27, 2024 Canadian markets will shorten the trade settlement

[Jonathon Brown]

Canada’s main stock index struggled and the NASDAQ hit a high, demonstrating a continued appetite for tech stocks amidst market volatility. read article.

[Experienced]

Yep a bit confusing....it is 2 days for settlement of a stock transaction but that changes to 1 day starting Monday

[deisman03]

I believe that's only if you have the cash in your account? When I read the change of regulation notice, it appears that if you sold something else that day and are waiting for funds to pay for

[flamingogold]

Correct, was thinking 2 settlement days before ex-div date. It's all 1 day now.  

[mouserman]

Ex divvy date for who?  LFE ex divvy date is the 31st according to Stockwatch as Ex divvy and record date are now the same.  Tomrrow can still buy and get distribution.

[flamingogold]

Buying at a discount does not always translate into a profit. This always trades at a discount so if it sinks so does your capital. Those that paid near $5 are now looking at one distribution which

[Mmb060]

For every seller there is a buyer!   I doubt short selling in LFE since it has low volume and trades at a discount.   But who knows..   Waiting till Friday to add a few

[flamingogold]

Class action lawsuits are not out of the norm for publicly listed billion dollar market cap corps. Apple has one now. But, to your point "too much going with that company" implies it's