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 in realtime @ $15.21

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Post by mouserman on Mar 25, 2024 12:33pm

LFE unit nav in realtime @ $15.21

So has gained a few pennies mostly on MFC strength this morning.

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Comment by SuperM on Mar 25, 2024 1:52pm

Thanks mouserman. Why don't people seem to care about ~24% divi and still at a good price??? confusing to me. GLTA SM

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Comment by NoShoesNoShirt on Mar 25, 2024 2:50pm

Once lfe has paid a few times in a row, the selling price will catch up.

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Comment by mouserman on Mar 25, 2024 3:51pm

LCS is the other split fund focuses on the LIFE insurance companies, and rarely sees the commons at a premium. THIS despite outperforming the banks in capital gains the past year and a half. With LFE you get some exposure to the CAD banks and also 4 of bigger insurers in the US, but the main component of the UNIT NAV is the big 4 CAD lifecos. Just seems to be an undesirable sector, even if ...more

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Canadian Life Companies Split Corp