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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Canadian Life Companies Split Corp > The ghost of 5 returns

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Post by flamingogold on May 23, 2024 12:27pm

The ghost of 5 returns

LFE will be paying but above $5 seems to be an omen. Never seems to hold for long. We would need an explosion of inflation and higher rates for LFE to stay in the payment zone for an entire year. Personally, I am not in that camp but I would say owning a split that is below it's NAV makes for a good capital gain play and that is how I look at this one and the distribution, when it pays, is gravy.

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Comment by NoShoesNoShirt on May 23, 2024 1:10pm

This time will be different. WILL

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Comment by mouserman on May 23, 2024 1:30pm

In the past the conditions for lifecos were not same as they are at present. Was hard a few years ago with near 0 interest rates , for the insurers to find good returns on the premiums collected. That has changed with interest rates now higher for longer in the US,, and destined to drop a quarter of a % in Canada in JUNE. AS i love to say , history is for losers.. A ten year chart will give ...more

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Canadian Life Companies Split Corp