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

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

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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Comment by flamingogoldon Jun 11, 2024 2:34pm

RE:RE:LFE unit nav to Jun 10 = approx: $14.83

A pullback is welcomed and healthy. Indices have notched several days of records so far this year. A little breather is good news for another run higher. June and July may be soft and August it could ...more

Discussion

Comment by mousermanon Jun 11, 2024 10:27am

RE:LFE unit nav to Jun 10 = approx: $14.83

Markets are diving , really no place to hide.. and of course the lifecos get thrown out with the trash.

Discussion

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Post by mousermanon Jun 10, 2024 4:29pm

LFE unit nav to Jun 10 = approx: $14.83

So lifecos bouncing back while the banks giving it up... LFE now needs 17 cents to make the cut for distributions by friday... not out of the realm of possibilities.

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Discussion

Post by mousermanon Jun 10, 2024 1:02pm

LFE unit NAV in realtime @ $14.78

Now only down 2 pennies since the MAy 31 updates, and lifecos profittaking appears to have subsided. Certainly outperforming the banks today.

Post by mousermanon Jun 07, 2024 4:56pm

LFE unit nav to June 7 = $14.69

Showing a loss of 11 cents since MAy 31 ... and with the last trade @ $4.54 the discount is only 15 cents.

Post by mousermanon Jun 07, 2024 11:12am

Lifecos oversold? UNIT NAV @ $14.71

Seems to be bouncing back... and LFE unit nav here is down about 9 cents since the 31st of MAY... does not look good for making the distribution to commons this month.. big payout to common and ...more

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Post by mousermanon Jun 06, 2024 4:07pm

LFE unit nav to June 6 = approx: $14.63

Spreadsheet now showing a losss of 17 cents since the udpated number to MAy 31. Apparently the interest rate decisions in Canada and the EU , are making some investors nervous about holding the ...more

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Comment by Experiencedon Jun 06, 2024 4:05pm

RE:RE:RE:RE: US Fed not likely to cut as fast

Thanks mouserman... I am looking at my prefs as cycle hold - that is until I think the rate cuts are finished and then I will sell out. I am not actively trading them as I am the split share ...more

Discussion

Comment by mousermanon Jun 06, 2024 1:44pm

RE:RE:RE: US Fed not likely to cut as fast

I played TRP.pr.h, EMA.pr.b TA.pr.e and a few others... always was one coming to exdivvy date before the other, so cycled the money to get a distribution almost every month. I bought in about a ...more

Discussion

Comment by Experiencedon Jun 06, 2024 10:48am

RE:RE:RE:RE: US Fed not likely to cut as fast

depends on the prefs - some reprice and others don't - prefs have lots of "rules and regulations" and so before buying you really need to read the prospectus. In the case of the ENB ...more

Discussion

Comment by flamingogoldon Jun 06, 2024 9:45am

RE:RE:RE: US Fed not likely to cut as fast

Prefs will reset lower but the bleed will be very slow. With each rate cut money will be lured away from safe GIC, high interest rate accounts and prefs into equities. As for LFE, the roadshow is not ...more

Discussion

Comment by Experiencedon Jun 06, 2024 6:33am

RE:RE: US Fed not likely to cut as fast

This is great news for the preferred shares I bought a while back. I have prefs in ENB as well as some of the splits plus others. Low risk income plus capital gains as interest rates fall ...more

Discussion

Comment by flamingogoldon Jun 05, 2024 3:08pm

RE: US Fed not likely to cut as fast

Tiff made the right move today. Let's not forget he was the first to increase rates too back in 2022. For a guy leading a small nation, he's actually leading the G7 pack. Kudos to him. https: ...more

Discussion

Post by mousermanon Jun 05, 2024 11:09am

US Fed not likely to cut as fast

TD Economics sees the Bank of Canada beginning to lower rates this summer, accelerating cuts into the end of 2024. TD expects the Fed to begin cutting in December. “That means the spread between the ...more

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

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

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Bullboard (TSX:LFE)