Canadian Life Companies Split Corp T.LFE.PR.B

Selling this morning for those wondering

[mouserman]

Here are the trading stats today, i am with TD...
No accounting for stupid, ( selling at a big discount)  i guess they want to short or manupilate the market.

House Positions for C:LFE from 20240528 to 20240528

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
89 Raymond James	10,000	50,000	5.00	0			10,000	-50,000
9 BMO Nesbitt	9,500	46,975	4.945	0			9,500	-46,975
79 CIBC	10,200	50,467	4.948	2,500	12,429	4.972	7,700	-38,038
85 Scotia	7,600	37,638	4.952	0			7,600	-37,638
7 TD Sec	7,680	38,167	4.97	1,180	5,840	4.949	6,500	-32,327
80 National Bank	2,570	12,833	4.993	170	844	4.965	2,400	-11,989
19 Desjardins	1,000	4,958	4.958	0			1,000	-4,958
84 ITG84	0			100	497	4.97	-100	497
1 Anonymous	6,100	30,179	4.947	6,700	33,303	4.971	-600	3,124
2 RBC	2,700	13,473	4.99	46,700	231,777	4.963	-44,000	218,304
TOTAL	57,350	284,690	4.964	57,350	284,690	4.964	0	0

[Mmb060]

For every seller there is a buyer!   I doubt short selling in LFE since it has low volume and trades at a discount.   But who knows..   Waiting till Friday to add a few more shares if its still at large discount.

[flamingogold]

Buying at a discount does not always translate into a profit. This always trades at a discount so if it sinks so does your capital. Those that paid near $5 are now looking at one distribution which will be offset by their capital loss. Hopefully tomorrow markets bounce because it's ex-div date. It will eventually come back, but I would be a buyer under $4. In the past I bought it only in the

[mouserman]

Ex divvy date for who?  LFE ex divvy date is the 31st according to Stockwatch as Ex divvy and record date are now the same.  Tomrrow can still buy and get distribution.

[flamingogold]

Correct, was thinking 2 settlement days before ex-div date. It's all 1 day now.  

[deisman03]

I believe that's only if you have the cash in your account? When I read the change of regulation notice, it appears that if you sold something else that day and are waiting for funds to pay for the purchase, it may not clear until the funds are verified in your account.  Ok for those trading on margins.  GLTA the good folks here. 

[Experienced]

Yep a bit confusing....it is 2 days for settlement of a stock transaction but that changes to 1 day starting Monday

[flamingogold]

According to WebBroker it went into effect beginning of this week: Subject: Reminder: Shortened Trade Settlement Dates Starting May 27, 2024 Canadian markets will shorten the trade settlement cycle to one business day starting Monday, May 27, 2024. For U.S. market participants, the shortened trade settlement cycle will start on Tuesday, May 28, 2024. This change will impact trades for stocks,

[Experienced]

Thanks flaming....but brain dead from hiking up one of the mountains behind my friend's condo yesterday with someone 15 years younger than me.....got my Mondays mixed up....lol