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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 reported @ $14.39 ...
View:
Post by mouserman on Apr 17, 2024 8:09pm

LFE unit NAV reported @ $14.39 ...

So trading at a level that is getting interesting again.. lifecos are NOT suffering inthe current interest rate environment, just getting hit by profittaking after a great year for capital gains and raised divvies.
Eventually the market will bounce back , ESPECIALLY for the lifecos, but jmho. I believe their risk is less and reward is greater than that of the CAD banks ... will see if it plays out the way i think it will.
Comment by mouserman on Apr 18, 2024 9:51am
Lifecos doing better than the banks today , SO FAR. IMO the lifeocs are oversold.... maybe the trend is about to change with the Q earnings from the big 4 coming up in  early MAY... cant see the numbers being bad after 6 months of high interest earnings on premiums.. With the lifecos , if there is an increase in claims they adjust the premiums ti reflect the risk... the banks dont have the ...more  
Canadian Life Companies Split Corp
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