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 Toppicks1on May 28, 2024 9:59am

RE:Hmmmm

You really never know who or why could be someone who bought in last October for 2.50 a share.

Discussion

Post by Toppicks1on May 28, 2024 9:45am

Hmmmm

Weird as the mouserman say this should be going up yet one seller sells about 40% daily volume in 10 minutes and boom. Somebody taking profit wonder who.

Discussion

Post by mousermanon May 27, 2024 4:10pm

LFE unit nav to May 27 = $15.38

Only a few days until ex=dvvy date... commons should start to move up.. Real value now at $5.38 for the commons before distributions. AFter distributions it would be $5.21

Post by Mmb060on May 27, 2024 12:36pm

Added more, and thanks for interday updates

Added some more $5.00. Thanks for interday update! I knew it was up because i track LCS.TO

Post by mousermanon May 27, 2024 11:13am

LFE unit nav in realtime, @ $15.40

Lifecos continue to rock higher, and SLF and GWO go exdivvy today, so more is added to LFE unit NAV. Discount is about 8 % today..

Comment by Higherhopes2020on May 27, 2024 10:20am

RE:LFE unit nav to May 24 = approx: $15.31

LFE, FFN, FTN purchase of 10% its own shares is a good thing. They all are trading at a discount at the present. It will keep the short sellers away.

Discussion

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Post by PressReleaseon May 27, 2024 7:30am

New Press Release - Canadian Life Companies Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid

TORONTO, May 27, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred Shares and Class A Shares...read article.

Comment by mousermanon May 25, 2024 7:26pm

RE:VIX at its lowest since pre-covid

Yeah rates ewill eventually go lower, but i doubt we see below 4% , maybe ever again. At those levels the lifecos are going to be OK... returns on premiums will still be decent . Certainly wont ...more

Discussion

Post by flamingogoldon May 24, 2024 8:34pm

VIX at its lowest since pre-covid

Everything is peachy, until it's not. Second half of this year is going to see a lot of turbulence with the US election just months away. Expect the VIX to shoot higher and with that, pressure on ...more

100

Discussion

Post by mousermanon May 24, 2024 4:16pm

LFE unit nav to May 24 = approx: $15.31

Liitle pullback in IAG end of day dropped the nav a little bit. However LFE UNIT NAV HAS HAD THE BIGGEST GAIN % WISE, AND $ wise since the 15th of May...of all the splitfundfs i follow. Guess ...more

Discussion