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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

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > LFE unit nav to March 12 = approx: $15.17
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Post by mouserman on Mar 12, 2024 4:57pm

LFE unit nav to March 12 = approx: $15.17

Spreadsheet now showing a gain of about 27 cents since the feb 29 update. Market feels that a discount is needed on LFE and so the commons last sale was @ $4.80. 37 cents works out toa bout 7% discounted. That is of course before distributions.
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