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

Alternate Symbol(s): T.LFE.P.B | 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 to March 6 = $15.15

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Post by mouserman on Mar 06, 2024 4:46pm

LFE unit nav to March 6 = $15.15

So biggest holdings in LFE bounced back up a bit end of the day. Minor holdings were all green.
Last trade was at $7.78 on the commons, so the discount starting to narrow , now at 37 cents or about 7%.

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Comment by NoShoesNoShirt on Mar 06, 2024 6:58pm

Man I'd be rich if it traded at 7.78. Maybe someday but not today.

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Comment by Higherhopes2020 on Mar 07, 2024 10:00am

LFE might pay dividend again. Thats two month in a row. Thanks all of you for the real time NAV update that help me to make some $.

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Comment by Higherhopes2020 on Mar 07, 2024 10:14am

Summary of Investment Portfolio All holdings as at November 30, 2023 Name Weighting (%) Manulife Financial Corporation 27.8 Sun Life Financial Inc. 24.3 iA Financial Corporation Inc. 20.4 Great-West Lifeco Inc. 14.0 They are all up again today.

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Comment by mouserman on Mar 07, 2024 10:33am

Trouble with that report is that its over 3 months old now. Quadravest doesnt report the % of each holding monthly , so we have no idea , and can only guess at %. In realtime today i have the UNIT NAV gaining about 35 cents since the update FEb29 and that puts the value of the LFE commons @ $5.25 or so.. and that leaves a BIG discount on a paying split fund common.

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