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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Comment by Investability00on May 10, 2023 2:51pm

RE:IAG getting hammered

I just have a few LFE and waiting for a super discount to pick up more. I'm hoping for $2.50 to $260.

Discussion

Post by Investability00on May 10, 2023 2:35pm

IAG getting hammered

I wonder if the rest of the Life Co.'s will get hit big later. Over 8% is a huge drop!

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Discussion

Comment by slston May 02, 2023 1:55am

RE:RE:RE:Still trading at a 20% discount to NAV!!!

Brilliant comparative analysis. It explain a lot for me. Thanks a bunch.

Discussion

Comment by mousermanon Apr 29, 2023 10:42am

RE:RE:Still trading at a 20% discount to NAV!!!

On top of the bank exposure in LFE, another negative is the high payout to the preferreds. Paying out 8% to the preferreds somewhat limits how quickly the the UNIT NAV can grow. LCS in ...more

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Discussion

Comment by mousermanon Apr 29, 2023 10:35am

RE:Still trading at a 20% discount to NAV!!!

I think the payout history of LFE , is one of the reasons for the discount. That being said i think the upside for LFE is greater than for FFN which trade at a premium with a similar UNIT NAV. LFE is ...more

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Discussion

Post by slston Apr 27, 2023 4:37pm

Still trading at a 20% discount to NAV!!!

With the Rally in the Insuramce space, am not sure why this continues to lag so much The prefferred shareholders get a generous dividend while A shareholders get all the upside. ...more

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Post by PressReleaseon Apr 19, 2023 9:00am

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

TORONTO, April 19, 2023 (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 May 10, 2023 to shareholders on record as at April 28, 2023. There will not be a...read article.

Post by slston Apr 17, 2023 7:58pm

STILL trading at discount of 20% to est NAV

The upward trend on the financials continue....Insurance Companies all look good as they recently raised thier dividends. Good Luck longs....feel better every day this goes back up.

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Post by slston Apr 11, 2023 2:51pm

Trading at a 20% discount to NAV

If this trend continues and there is a recovery from the US banking crisis, the insurance sector will benefit. Was averaging up, when I got caught with this recent pull back....Fingers crossed ...more

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Post by Investability00on Mar 24, 2023 11:05am

It's a good thought

Because the year low is $2.20. Under 2$ would be a steal of a deal for sure. At this point in time, I don't know if it's going there. Time will tell.

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Post by flamingogoldon Mar 24, 2023 10:33am

Bidding under $2

Since LFE is such a stinker at paying distributions, I look to LFE for capital gains only. To make it worthwhile though I'm only a buyer of the shares under $2. This has always worked well for me.

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