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 @ $15.22

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Post by mouserman on May 16, 2024 10:27am

LFE unit NAV in realtime @ $15.22

Showing a gain of 87 cents since Aprill 30.
Of course when Quadravest updates will have to reset all the inputs to May 15th data.
Ridiculous big discount for the highest yielding split fund common. There are those who would believe LFE will fall back under the threshhold quickly, but conditions have changed favorably for the insurers. Years of near 0 % interest are now history, one that we likely will NEVER see again.
Higher for longer is the mantra now... and THAT is great for insurers.