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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

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > LFE unit nav continues to sag
View:
Post by mouserman on Feb 18, 2022 11:53am

LFE unit nav continues to sag

SO realtime my spareadsheet has LFE @  $15.09... as IAG taakes a beating today so far..
all 4 of the big CDN lifecos are down at this point.
Buyers continue to chase the big yield here, which may be good, but also could result in a loss if LFE unit NAV drops below 15$ here in klate February.
CDN $ taking a beating as some have moved their money out of Canadian banks to somewhere safer... as Trudeaus new interpretation of our constitution seems to allow for govt intervention in banks accounts  by freezing accounts of those who want their freedoms returned.
His namecalling seems to be over the top, calling these folks gathered in Ottawa ( and those who support them across the country, terrorist, mysogynists, racists, antivaxxers  and white supremecists.
Overall i DONOT see anything positive in that for canadian banks and lifecos.
Comment by EdPaquette on Feb 18, 2022 12:28pm
I'm no fan of trudeau, but we can't let 2000 people protesting shut down freedom of travel and commerce for the other 38 million. Protests should only involve people on foot or if they need a wheelchair.  Not cars and trucks. Felt the same way about idle no more or any other protest with vehicles.
Comment by flamingogold on Feb 18, 2022 4:33pm
I am disappointed how Trudeau has mishandled this protest but, at the same time, where were these truckers when the gyms, restaurants, salons and small businesses were shuttered/restricted not once, not twice but multiple times? Truckers were given vaccination exemption to cross the border until the deadline affected them personally. Sorry but their "free Canada" protest is phony and ...more  
Comment by mouserman on Feb 18, 2022 4:42pm
EVEN mr turdeau called the truckers heroes during the pandemic for risking their health to get the products on the store shelves. Same with the unvaxxed nurses who held up the fort while the vaxed nurses took time off for sickness and stress. Self serving truckers? They were there for our freedoms. You make it sound like they were the reason  for lockdowns and business closures and NOT the ...more  
Comment by satchmo6 on Feb 18, 2022 6:52pm
trying to be like P>E>T> or PET-------To deal with this situation, Trudeau invoked the War Measures Act, giving the government overarching power to arrest without trial. 
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