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 @ $15.21

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Post by mouserman on May 23, 2024 1:49pm

LFE unit nav in realtime @ $15.21

Starting to see some sympathy selling in the lifecos as people take profits where there are some.
Still i note that FFN , FTN, BK, DFN and DF are ALL in negative numbers since the 15th. SO LFE getting thown out with the trash...those trading at a premium because of some perceived safety in their historical charts .. lol
Real value of LFE commons at this point is $5.21. Maybe people are missing that MFC went ex divvy, and today IAG just went ex divvy. If you add those dividends on they are doing quite well.
SLF and GWO still to come. PRU and AFL , US insurers, also went ex divvy.