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Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp - Class A T.LFE

Alternate Symbol(s):  T.LFE.P.B | CLSPF

Canadian Life Companies Split Corp is an investment management firm. The company invests primarily in an actively managed portfolio of common shares comprised primarily of four core large-capitalization Canadian life insurance companies. The firm's objective is to provide holders of Preferred shares with a cumulative preferential floating rate monthly dividend.

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My calculation of nav

I calculate 12.62 nav.  rate and reply
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New Press Release - Canadian Life Companies Split Corp. Preferred Dividend Declared

TORONTO, June 20, 2022 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05417 for each Preferred share ($0.650 annually). Distributions are payable July 8, 2022 to shareholders on record as at June 30, 2022.There will not be a...read article.

Quadravest nav

12.69  rate and reply

RE:Midmonth update

Great guess, my spreadsheet has the UNIT NAV losing 64 cents , so comes out to $12.64 COmmons would have a value of $2.64 .. premium at yesterdays close was 32 cents .. or about 12%  rate and reply

Midmonth update

12.63 is my guess at the number to be published Friday evening.   rate and reply

RE:RE:Over 100% premium

Sounds crazy, but I got some today.   Can always add some if it drops but just don't want to miss 40% per year at this entry point.  With interest rates rising the Insurance Cos are...read more

RE:Over 100% premium

My bid for LFE is $1.50. I would never buy it above $2. I sell as it approaches $5 or starts paying. Never own this for the distribution alone or one will be sitting on a ton of losses.  rate and reply

Over 100% premium

Real time unit nav is 11.41 and someone is buying over $3. So foolish.   rate and reply

RE:RE:RE:My month end number

Thanks for sharing.....you were within a penny.  Thats Brilliant! Got my fingers crossed on this.  rate and reply

RE:RE:My month end number

Quadravest number is 13.34, I just like the challenge of calculation since mouserman and pos  aren't following this dog of a stock.     rate and reply

RE:My month end number

Thanks for posting.  rate and reply

My month end number

13.25   rate and reply

RE:RE:RE:Quadravest nav

I could be wrong but have the NAV almost even with the mid-May update at $12.92.  rate and reply

RE:RE:Quadravest nav

My rough method of calculation gives me 13.33 this morning.  rate and reply

RE:Quadravest nav

What a Brilliant call by FlamingoGold earlier.  I "reluctantly" sold half at the time, over 5.  Am way underwater now on the remainder.  So grateful to the core group...read more

New Press Release - Canadian Life Companies Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid

TORONTO, May 25, 2022 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the “Company”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred Shares and Class A Shares...read article.

Quadravest nav

12.92  rate and reply

Stink bid in the low 2's

The best of the best is starting to crack. Apple now down 23%. I think it's headed to around $125 for a +30% correction. And DOW could hit below 30k for a 20% bear correction. Meanwhile LFE will...read more

NAV taking a beating today

Approximate unit NAV is now $12.65 Ouch!  rate and reply

Someone likes LFE

BMO Nesbitt bought 20850 shares today paying up to $3.54 for them. The unit NAV dropped on the day and sits at approximately $13.32  rate and reply