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 April 5 = approx: $14.99

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Post by mouserman on Apr 05, 2024 4:23pm

LFE unit nav to April 5 = approx: $14.99

Showing a loss of 20 cents now, as the UNIT NAV pulled back about 5 cents in the last hour or so of trading.

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Comment by flamingogold on Apr 06, 2024 2:19pm

With a BoC June cut very likely now, anyone opening a new position here looks dicey even with the tempting NAV discount. It's currently under the threshold for paying now and the lifecos will face headwinds once rates start declining.

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Comment by DemDem on Apr 08, 2024 12:12pm

It seems to me that your shortcut is quick. Yes rates will gradually drop, but insurance company investments are not made just for one year at a time. I believe that they are currently taking advantage of this to invest in the medium term. Minimum 3 years. I believe that insurers' revenues will be there for a good while. Also, MFC have changed their type of investment a lot in the last year ...more

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Canadian Life Companies Split Corp