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 > Dec 29 nav

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Post by lilswede on Jan 04, 2024 2:45pm

Dec 29 nav

December 29, 2023
NAV Pre-Distribution: $14.80
Distribution: $0.0667 (preffereds)
NAV Net of Distribution: $14.73
NAV + Total Distributions Paid to Date: $33.67

can we get to 15.07 by declaration day...?

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Comment by lilswede on Jan 04, 2024 3:33pm

My bad...guess we would need 15.17 if commons were to get paid...seems like a stretch to me.

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Comment by mouserman on Jan 04, 2024 11:53pm

No Quadravest does not take off the distributions to preferred and commons before making the determination to pay commons at 15$ unit NAV . That is a Brompton thing.

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