Canadian Life Companies Split Corp. Class A Shares T.LFE

@ the Bell: TSX attempts rebound after worst day in a year

[mouserman]

So spreadsheet is showing a loss of 21 cent s after the beatdown this week.... Commons have a value of $4.02 before a big payout to preferreds. LAst trade was at 3.28  on very low volume today

[Jon Brown]

Support from higher commodity prices helped keep the TSX in the green for much of Friday … until markets closed. read article.

[mouserman]

ALL 8 of  the lifecos in the fund are up this am, and the CAD banks are flat.  But the good news is there is still a lot of room to run up even just to get to a 10% discount on these shares.

[Jon Brown]

Canada’s main stock index hit a three-week low. The TSX's broad decline saw deep cuts among the industrial, tech and mining sectors. read article.

[PressRelease]

TORONTO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.06667 for each Preferred share ($0.800 annually). Distributions are payable October 10, 2023 to shareholders on record as at September 29, 2023.There will not be...read article.

[mouserman]

Yes i suppose that does make a difference, altho the preferred shares always carry a value of 10$ when Quadravest posts the values of the commons. For my calculations to be close to Quadravest , for

[Jon Brown]

Fall officially starts this weekend and with it comes the annual rush of business activity, you need look no further than our own Bullboards. read article.

[navgod]

First let me say I am big holder of LFE in part because of the discount but I believe your post overstates its atractiveness. It ignores the pref shares which trade around 9.70 for both FFN and DF and

[mouserman]

So spreadsheet showing a gain of about 7 cents since the update on AUG 31... Discount continues to be high despite the UNIT NAV higher than FFN , or DF, which both trade much higher and getting big

[mouserman]

Somehow got in wrong, and didnt update the new unit nav on my spreadsheet. SO UNIT NAV now is $14.27 discount is only about 21 %.

[mouserman]

A move up of 4 cents since the update to the 15th....( my guesstimate) Discount now about 93 cents or over  21 %... wonder what will happen when it passes DFN in unit nav, has already passed DF

[mouserman]

Noted a lot of covering in the short position in the last report. ( as a % of volume) and today anon by far the biggest and almost only buyer. se Positions for C:LFE from 20230919 to

[middleman]

with current NAV estimation $14.31 its trading with insane discount of almost 22%, very rare happens

[slst]

Seems like a nice Value play, so I'm nibbling at it.  

[mouserman]

LFE had gains of 50 cents since the AUG 31 update,  a bigger  gain than any other Quadravest  split fund common. And from a very low level. Discount here is about 87 cents at the close

[mouserman]

Now 85 cents the discount. or about 20 %

[mouserman]

LOL , maybe the most hated split fund common out there.

[mouserman]

So back above the 14$ unit nav  after a hiatus of a month or two... was a slow August  for the lifecos. Trading at a bout 75 cent discount... or about 18.4 %