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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TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > Markets bouncing back a bit....

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Post by mouserman on Feb 17, 2022 12:25pm

Markets bouncing back a bit....

SO early day selloff on more FEARPORN from the MSM, had the desired effect at the open, but mostly the street has shrugged off the negative and is back buying the dip.
LFE unit NAV back up to $15.20 HERE, and perhaps a premium will be attached, much like it has been for DF since they broke above 15$ unit nav.
Even today with the UNIT NAV dropping DF remains trading FLAT, not DOWN on the day like the majority of the split fund commons, including some of the ones of those trading at deep discounts .

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