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 @$14.94 with Q earnings on tap...

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Post by mouserman on May 08, 2024 1:18pm

LFE unit nav in realtime @$14.94 with Q earnings on tap...

So only about 6 more pennies to gain, for the threshhold for paying. Spreadsheet showing a gain of 59 cents, since April 30.

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Comment by lilswede on May 08, 2024 2:57pm

Mm, im pretty sure you know this, but how much value does the divys the lifecos pay to lfe add to the value of the nav? thanks

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Comment by mouserman on May 08, 2024 5:36pm

I do believe the big 4 CAD lifecos have Q dividends adding up to $2.56 in total. MFC 40 cents, SLF 78 cents IAG 82 cents and GWO 56 cents.. altho that was last Q ...Those will be accounted for on ex divvy date. Outside of the big 4 there are also dividends from the minor holdings, 4 US insurers and 3 CAD BANKS, TD, CM AND BNS.

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Canadian Life Companies Split Corp