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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 Barrister111on May 21, 2024 10:43am

LFE Net Asset Valuation is up today

One of the stocks held by LFE, MFC, is trading up @ 35 % today. That move is having a huge impact on the Net Asset Value of LFE. I calculate that NAV is now @ $16.25. LFE is trading at $5.00 which is  ...more  
40
Discussion
Comment by NoShoesNoShirton May 21, 2024 9:30am

RE:RE:Payout ratios

If you're new to splits read this. Otherwise you will lose your shirt and be like me. https://www.bromptongroup.com/wp-content/uploads/2021/10/Brompton_Funds-Preferred_Share_Primer.pdf
31
Discussion
Comment by navgodon May 21, 2024 8:58am

RE:Payout ratios

very funny, there is no intersection between the terms "payout ratio" and " splitshares". If you are not looking at total return you are looking at the wrong thing.
21
Discussion
Comment by chessplayeron May 21, 2024 6:14am

RE:Payout ratios

Because it is not actually a dividend but a return of capital. 
22
Discussion
Post by kurtwalteron May 20, 2024 3:31pm

Payout ratios

Maybe experts like Mouserman ca n answer this question, but how does LFE finance a 24% dividend yield? Granted it has not pay a dividend for many months, but I cannot find information on its payout ...more  
84
Discussion
Post by mousermanon May 17, 2024 4:33pm

LFE unit nav to May17 = approx: $15.28

Spreadsheet showing a gain of 28 cents since the udpate to the 15th, but  have adjusted the cash position to a  higher %,, but there may have been a major change in some weightings. Will ...more  
134
Post by mousermanon May 17, 2024 4:24pm

Quadravest updated MAY 15 @ $15

WOW , not sure what happened with this spreadsheet , and can only guess some options  activity, or a greater cash position suddenly at the 15th. I was 11 cents high.  Most I have been off ...more  
96
Post by mousermanon May 17, 2024 1:52pm

LFE unit nav has gained 25 cents since MAy 15 ....

Update will be out tonight , but this is looking really good for LFE and the insurers. Even the 3 CAD banks all joining in the gains. My guess is about $15.11 for the update number to MAY 15 so UNIT ...more  
99
Comment by mousermanon May 17, 2024 1:46pm

RE:RE:Lifecos continue to roll, divvies coming in the next 2 weeks

Of course it gives the NAV a boost as the main holdings MFC and SLF are about 57 % of the fund. So  just those 2  should amount to about 10 cents gain in UNIT NAV at minimum in the next 2 ...more  
47
Discussion
Comment by Snowsnakeon May 17, 2024 1:08pm

RE:Lifecos continue to roll, divvies coming in the next 2 weeks

Can one presume this will give the NAV a bit of a boost, on top of the direction the holdings go?
34
Discussion
Post by mousermanon May 17, 2024 10:40am

LFE all holdings in green today

$ CAD lifecos, $ US insurers and the 3 CAD banks all are up this am... LFE not getting much respect as  it stays flat today. BUT many of the paying Quadravest split funds are trading at discounts ...more  
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Post by Experiencedon May 17, 2024 10:39am

NAV

Looks like the NAV is giving us more breathing room 
45
Comment by Experiencedon May 17, 2024 3:07am

RE:RE:Lifecos continue to roll, divvies coming in the next 2 weeks

LOL mouserman......was thinking I should a have bought PRU…lol
48
Discussion
Comment by Experiencedon May 17, 2024 12:03am

RE:LFE unit nav to May 16 =approx; $15.26

Mouserman - yeah but to your earlier point, if it is paying out at close 25%....one would expect buying not selling. I made four round trips on LCE last Fall where it dropped to 5 or high 4s and ...more  
82
Discussion
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