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 to March 11 = $15.20

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Post by mouserman on Mar 11, 2024 4:41pm

LFE unit nav to March 11 = $15.20

So the day ended with the UNIT NAV up 30 cents since thefeb 29th update.
Hanging in there , and trading at a nice discount of 37 cents , or about 7%.

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Comment by lilswede on Mar 11, 2024 5:05pm

Is Friday (15th) decision day if they pay to commons?

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Comment by NoShoesNoShirt on Mar 11, 2024 5:28pm

Yes the normal date would be Fridays close. But any date can work as per quadravest website.

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Comment by mouserman on Mar 12, 2024 8:59am

Yes normally Quadravest will use the 15th as the date for calculations for paying distributions. When the 15th lands on a weekend they will adjust the dates either earlier or later.

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Canadian Life Companies Split Corp