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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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Post by mousermanon Jan 27, 2022 3:46pm

Little shakeout , but LFE up today to $15.22 UNIT NAV

SO with 15 minutes to go, i see we have bounced back some, and  I didnt get filled down at 4.80 range i was hoping for.  Nearly a 10 % discount for a paying split fund common... even if it ...more  
Comment by mousermanon Jan 27, 2022 2:38pm

RE:Dividend declaration

Dont know if you were asking, or if you meant to post the declaration of distributions. ANyways:   Canadian Life Companies to pay distributions Feb. 10   2022-01-19 10:04 ET - News ...more  
Post by mousermanon Jan 27, 2022 12:29pm

Seeing some dumping /profttaking

Last few trades have dropped the LFE commons back to where it closed yesterday, despite the jump up in value today. A few of canadian banks are heading lower, but the effect on LFE is minimal, as ...more  
Post by mousermanon Jan 27, 2022 11:46am

LFE UNIT NAV still hangin in there @ approx: $ 15.25

That is before distributions by my spreadsheet. SO after dist of about 15 cents, LFE NAV for commons would be $5.10
Comment by slston Jan 27, 2022 11:43am

RE:RE:LFE UNIT NAV in realtime now @ approx: $15.26

If this a broad market pull back, and a weak market, while LFE's NAV is once again over the $15 treshold to pay 2% monthly distribution (24% annual)....than I m in.   Just added some ...more  
Post by EdPaquetteon Jan 27, 2022 11:18am

Spell check

Navailable was nav. Will it be over 15 next month? Dont know but yes youll get yout dime if you buy today. I sound like a used car salesman. 
Comment by EdPaquetteon Jan 27, 2022 11:09am

RE:Dividend

Navailable was over 15 on the 18th, which was decision/ announcement day.
Post by kurtwalteron Jan 27, 2022 10:14am

Dividend

If the NAV is over $15 by Jan 1, does that mean that the dividend of 10 cents will be reinstated? That would mean a yield of 20%. DF, FFN and DGS pay around 17%.
Comment by EdPaquetteon Jan 27, 2022 10:09am

RE:LFE UNIT NAV in realtime now @ approx: $15.26

My method gives me 15.42 before distributions,  so right in line.
Post by mousermanon Jan 27, 2022 10:07am

LFE UNIT NAV in realtime now @ approx: $15.26

Nice jump up in every holding in LFE this morning , early on. IF it holds this level the Commons NAV will be over 15$ even after distributions. This risk -on market appears to be heading higher in the ...more  
Post by Donwaanon Jan 27, 2022 9:50am

Jan.27th

The NAV continues to rise this morning. I'm a bit surprised the share price isn't tracking the NAV more closely.
Post by mousermanon Jan 26, 2022 11:45pm

LFE NAV to Jan 26 = approx: $15.11

My spreadsheet has LFE now losing 21 cents since the JAN 15 update.  Rebound in the US lifecos was aided by the USD surging  , and now up to a 1.18% gain vs CAD since the 14th update. If we ...more  
Post by Donwaanon Jan 26, 2022 8:08pm

NAV = approx. $15.07 to end of today

So LFE is hanging in there. Can it make 2 distributions in a row and pay again for February?
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