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 > LFE unit NAV drops to $13.86

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Post by mouserman on Apr 26, 2022 6:11pm

LFE unit NAV drops to $13.86

LFE fall after paying out a few distributions has been fast, steep and vicious.
Not seeing any light at the end of tunnel right now, and this probably has further to fall.
This correction looks like the real deal, and those who shorted this above 5$ are getting great return on the short.

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Comment by flamingogold on May 09, 2022 4:03pm

LFE has always been a good gage to determine market direction on the downside once it starts to pay. A few months ago I did warn the board to take their capital gains once this hits $5 and starts paying because it is never for long. Also, I think oil is going to crack soon. An economy teetering on recession fears equals falling demand. Plus, the energy sentiment is extremely bullish which is ripe ...more

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Canadian Life Companies Split Corp