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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

Bullboard (TSX:LFE)

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Comment by mousermanon Dec 15, 2023 5:17pm

RE:LFE dividend?

No distriubution to common shares this month for LFE. Lifecos got kicked hard today, after a month of pretty nice gains. LFE is more about the capital gains than distributions, and hope it pulls back ...more  
Post by kurtwalteron Dec 14, 2023 12:49pm

LFE dividend?

Reply from Quadravest:  Please note that monthly dividend payments to LFE Class A shareholders are a target only and are determined by the Board on a month-to-month  ...more  
Post by mousermanon Dec 13, 2023 4:38pm

LFE unit nav to DEC 13 = approx: $14.91

So a really nice gain since the nov 30 th udpate., as LFE has now gained about 53 cents. trading at a ridiculous discount for the proximity to the 15 $ threshhold being so close. Last trade @ $4.27 ...more  
Comment by mousermanon Dec 12, 2023 6:03pm

RE:RE:LFE vs LCS which is more unloved?

Your yield with an average buy of 4$ would be 30% when it starts to pay with the UNIT  NAV  @15$...
Comment by lilswedeon Dec 12, 2023 6:03pm

RE:RE:LFE - NAV

So still at .63 ct discount at todays sp close?
Comment by mousermanon Dec 12, 2023 6:00pm

RE:LFE - NAV

UNIT NAV  today closed at about $14.83.. so would need some more big days from the 4 CAD  lifecos to make the cut. MFC has been the biggest positive mover in the past week.
Post by Pesyk1on Dec 12, 2023 5:40pm

LFE - NAV

Will we make it above 5 before Friday ?  LFE lookin good .  
Comment by kurtwalteron Dec 12, 2023 1:27pm

RE:LFE vs LCS which is more unloved?

LFE is shooting the lights out at the moment. If it reaches a NAV that will allow the paying of dividends the yield will be about 1.20/5.00 = 24 percent. Anything wrong with my calculations ...more  
Post by mousermanon Dec 11, 2023 5:34pm

LFE unit NAV to DEC 11 = approx: $14.76

So LFE  UNIT NAV was over $14.80 for a while today, but a few of the lifecos backed off. MFC ended near the HOD.  Last trade @ $4.07 means the DISCOUNT is about 69 cents or   14.5%.
Comment by NoShoesNoShirton Dec 11, 2023 4:10pm

RE:RE:RE:LFE vs LCS which is more unloved?

LFE struggles to get to 5 even if it pays. If it can pay 12 in a row,  then it should get a premium. 
Comment by lilswedeon Dec 11, 2023 3:06pm

RE:RE:LFE vs LCS which is more unloved?

Mfc is close or at a new 10 year high. Not sure it has the legs to keep going...1.8 billion o/s shares kind of caps it. But you never know. I have a hard time watching lfe struggle to break through 4 ...more  
Post by NoShoesNoShirton Dec 09, 2023 9:55am

LFE vs LCS which is more unloved?

LFE has an abysmal record of paying dividends, but I think that has changed forever. We'll never again see zero interest rates,  and that's what torpedoed the lifecos. The discount to nav ...more  
Comment by NoShoesNoShirton Dec 08, 2023 9:43am

RE:RE:RE:LFE UNIT NAV to Dec 07 = approx: $14.56

My acb on LFE is 2.78 . And I agree with98% of what you say MM, really appreciate what you and aneducator and flamingogold and navgod are posting. 
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