Bullboard - Stock Discussion Forum 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... see more

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Post by mousermanon Jan 25, 2024 7:09pm

LFE UNIT NAV to Jan 25 = approx $14.87

Spreadsheet now showing a gain of 25 cents since the update JAN 15 . Can it keep moving north and get to 15$ by Feb 15th?

Discussion

Comment by NoShoesNoShirton Jan 25, 2024 1:58pm

RE:Lfe nav

No posts for a week. Must be close to 5?

Discussion

Post by lilswedeon Jan 18, 2024 11:21pm

Lfe nav

January 15, 2024 NAV Pre-Distribution: $14.52 Distribution: $0.00 NAV Net of Distribution: $14.52 Last share trade price was ...more

175

Discussion

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Post by PressReleaseon Jan 18, 2024 9:00am

New Press Release - Canadian Life Companies Split Corp. Preferred Dividend Declared

TORONTO, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the "Company") declares its monthly distribution of $0.06667 for each Preferred share ($0.800 annually). Distributions are payable February 9, 2024 to shareholders on record as at January 31, 2024.There will not be a...read article.

Post by mousermanon Jan 06, 2024 2:54pm

Quadravest reports LF UNIT NAV @ $14.73

Yes if and when LFE gets to a midmonth udpate with a UNIT NAV of 15$ or higher, they will pay out the distributions about a month after that is determined. We take the distribution amounts ...more

248

Comment by lilswedeon Jan 05, 2024 10:13am

RE:RE:RE:RE:Dec 29 nav

Sorry ....17 cts from the nav, .10 for commons .07 for preffereds?

Discussion

Comment by lilswedeon Jan 05, 2024 3:31am

RE:RE:RE:Dec 29 nav

Thks for correcting me mm. So we have at shot at making 15.00...but then from what I see they will deduct .15 from the nav after they pay?

Discussion

Comment by mousermanon Jan 04, 2024 11:53pm

RE:RE:Dec 29 nav

No Quadravest does not take off the distributions to preferred and commons before making the determination to pay commons at 15$ unit NAV . That is a Brompton thing.

Discussion