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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

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > LFE Net Asset Valuation is up today
View:
Post by Barrister111 on May 21, 2024 10:43am

LFE Net Asset Valuation is up today

One of the stocks held by LFE, MFC, is trading up @ 35 % today.
That move is having a huge impact on the Net Asset Value of LFE.
I calculate that NAV is now @ $16.25.
LFE is trading at $5.00 which is @ 20% discount .
Comment by navgod on May 21, 2024 10:47am
You are an idiot!  Take a good look over thre days Wild print  for MFC at friiday cllose
Comment by WillisSan on May 21, 2024 10:52am
The price increase of 35% that you currently see for MFC is a glitch that is showing up on Stockhouse and on my TDWaterhouse account.  Yahoo.ca which is showing MFC accurate price, is down a bit..
Comment by Barrister111 on May 21, 2024 11:37am
thank you for your kind words this morning NAVGOD
Comment by navgod on May 21, 2024 12:18pm
You are right I should not have call you an idiot -- I just get frustrated when posters blurt out something when a minimal effort would have saved them the embarrassment. Hope you didn't go on a buying spree with your scoop--I too like a bit of sarcasm
Comment by Barrister111 on May 21, 2024 11:34am
After a further look into this situation I contacted TD DIRECT who were showing $9.55 increase in the trading price of MFC.  Thats @ 36% increase.  TD  has CORRECTED thier quote . There was no huge gain in MFC AND SO LFE NAV has not been affected.  SORRY if I  got anyone excited. 
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