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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Bullboard (TSX:LFE)

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Comment by NoShoesNoShirton Dec 07, 2023 8:42pm

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

Amazing growth since mid July. Rose 50 cents when most splits went down or were barely up. And it rose more than LCS. Mouserman I'm not cherry picking dates, it's just that mid July was when I ...more

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Post by mousermanon Dec 07, 2023 4:50pm

LFE UNIT NAV to Dec 07 = approx: $14.56

Gain of 18 cents since the NOV 30 update, and values the commons at $4.56 Huge discount is now disappearing as LFE inches closer to the 15$ threshhold. High interest rates are doing wonders for ...more

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Comment by NoShoesNoShirton Dec 06, 2023 1:49pm

RE:LFE paying dividends?

Like LCS, LFE will still have a discount even when it pays.

Discussion

Post by kurtwalteron Dec 06, 2023 1:03pm

LFE paying dividends?

I suppose once the NAV of LFE and LFE preferreds reaches 15.00. LFE will start paying dividends. NAV as of November 30, after distributions, was 14.38, and the portfolio value seems to have increased ...more

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Discussion

Post by mousermanon Dec 06, 2023 10:35am

LFE unit NAV in realtime @ $14.61

Now showing a gain of 23 cents since the udpate on NOV 30... Now the discount seems to be shrinking as the Commons near the value for receving distributions.

Comment by mousermanon Dec 04, 2023 10:12pm

RE:Updated NAV

I AM GETTING a gain of 12 cents since the update to NOV 30th ( $14.38) after distributions. LFE commons true value now @ $14.50 , so perhaps the biggest discount (82 cents ) of any split fund ...more

Discussion

Comment by WillisSanon Dec 04, 2023 9:08pm

RE:Updated NAV

I meant to say Quadravest.

Discussion

Post by WillisSanon Dec 04, 2023 9:05pm

Updated NAV

Brompton just updated their web site. November 30, 2023 NAV Pre-Distribution: $14.44 Based on todays closing price, I am getting a NAV of $14.55. Can anyone ...more

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Post by mousermanon Nov 26, 2023 10:50am

LFE unit nav to Nov 24= approx: $14.41 before dist.

So after distributions to preferreds the commons would have a value of about $4.35. Last trade @ $3.65 leaves the discount @ 70 cents after dist to preferreds are figured in. Still a BIG ...more

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Comment by NoShoesNoShirton Nov 25, 2023 12:01am

RE:RE:LFE came in at $14.35 to NOV 23

The discount is truly juicy.

Discussion

Comment by lilswedeon Nov 24, 2023 10:08am

RE:LFE came in at $14.35 to NOV 23

So discount to nav on the opening this am is almost .70 cts ?..and with 3/4 lifecos green.

Discussion

Post by mousermanon Nov 24, 2023 9:51am

LFE came in at $14.35 to NOV 23

My spreadsheet has UNIT NAV gaining 26 cents. Unfortunately , GWO and IAG have very small weightings in LFE, and so not even close to keeping up with LCS.

Discussion