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 May 14 = approx: $15.15

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Post by mouserman on May 14, 2024 4:42pm

LFE Unit nav to May 14 = approx: $15.15

So the spreadsheet showing a gain of 80 cents since the updated number April 30th.. I think LFE gained more in UNIT NAV than any of Quadravest split funds.. by quite a bit. FFN i think had the next biggest gain @ 62 cents. It also trades at a discount. Altho not as large as LFE's , but FFN has about a dollar more safety.
I sometimes think LFE gets no respect because LCS consistently trades at a discount no matter how much the gains are in UNIT NAV.. people apparently love to hate the lifecos.

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Comment by flamingogold on May 15, 2024 9:20am

It's hard owning an equity that deserves more respect. I own BBD... (oh, did anyone twitch when I said that lol). No denying BBD made a lot of mistakes over their history, but they have turned it around... and all without government handouts this time. The stock is up almost 1000% since late 2020 yet the stock's troubled past continues to give it less respect than it's American peers. ...more

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Canadian Life Companies Split Corp