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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 to Feb 7 = approx; $15.10
View:
Post by mouserman on Feb 07, 2024 4:06pm

LFE unit nav to Feb 7 = approx; $15.10

Now showing a gain of  25 cents since the JAN 31 update. Nice move by the US insurers as well today. The only downside in LFE is the 3 CAD banks they hold, and the bigger payouts in both commons and preferreds. Those make it harder to maintain paying status , than with LCS .
Comment by lilswede on Feb 07, 2024 4:53pm
So the commons last trade was 4.50 so it's still running at about a .60 ct discount to nav...?
Comment by WillisSan on Feb 07, 2024 7:04pm
I am getting a NAV of $15.05.  A huge discount to the stock price.
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