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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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Post by mousermanon Jun 05, 2024 9:36am

Quadravest reports UNIT NAV @ $14.80 to MAy 31

So the updated spreadsheet shows the NAV flat since that date, and value of the commons is still $4.80 AFTER distributions.

Comment by mousermanon Jun 05, 2024 9:34am

RE:Correction LFE unit nav to May 31 = approx: $14.97

That would have put the UNITY NAV @ $14.80 after distributions.. and Quadrvest confirmed that number today. I dont see any changes in weightings, but they only give us the BIG 4 CAD lifecos.. and not ...more

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Post by mousermanon May 31, 2024 4:44pm

Correction LFE unit nav to May 31 = approx: $14.97

Forgot to add in GWO divvy... so and missed some inputs on CAD banks. Loss was about 3 pennies..since MAY 15...

123

Discussion

Post by mousermanon May 31, 2024 4:36pm

LFE unit nav to May 312 = approx: $14.94 before distribution

So lifecos and banks bounced back a bit at days end.. and UNIT NAV ended up down nearly 6 cents since the MAY 15 TH update. WIll have to see if any of the split funds i track ...more

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Comment by NoShoesNoShirton May 30, 2024 10:03pm

RE:LFE unit nav to May 30 = approx: $14.92

Thanks mouserman

Discussion

Post by mousermanon May 30, 2024 6:04pm

LFE unit nav to May 30 = approx: $14.92

Pullback end of the day on all the CAD lifecos, sent the UNIT NAV back down. After distributions the value of the commons would be $4.75. SO LFE now trading at a penny premium after the ...more

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Discussion

Post by mousermanon May 30, 2024 10:17am

LFE unit nav in realtime @$15.01

Showing a gain of a penny now with GWO divvy added in. Not a stretch to think LFE may be able to gain 17 cents in the next 10 sessions. Distribution is 17 cents for commons and preferreds.

Post by Experiencedon May 30, 2024 9:33am

Mouserman

Do you have an early read on the NAV right now Thanks

Comment by Experiencedon May 30, 2024 9:30am

RE:RE:RE:RE:RE:RE:RE:RE:Selling this morning for those wondering

Thanks flaming....but brain dead from hiking up one of the mountains behind my friend's condo yesterday with someone 15 years younger than me.....got my Mondays mixed up....lol

Discussion

Comment by flamingogoldon May 30, 2024 8:29am

RE:RE:RE:RE:RE:RE:RE:Selling this morning for those wondering

According to WebBroker it went into effect beginning of this week: Subject: Reminder: Shortened Trade Settlement Dates Starting May 27, 2024 Canadian markets will shorten the trade settlement ...more

Discussion

Comment by Experiencedon May 30, 2024 4:33am

RE:RE:RE:RE:RE:RE:Selling this morning for those wondering

Yep a bit confusing....it is 2 days for settlement of a stock transaction but that changes to 1 day starting Monday

Discussion

Comment by deisman03on May 30, 2024 1:36am

RE:RE:RE:RE:RE:Selling this morning for those wondering

I believe that's only if you have the cash in your account? When I read the change of regulation notice, it appears that if you sold something else that day and are waiting for funds to pay for ...more

Discussion

Comment by flamingogoldon May 29, 2024 11:37pm

RE:RE:RE:RE:Selling this morning for those wondering

Correct, was thinking 2 settlement days before ex-div date. It's all 1 day now.

Discussion

Comment by mousermanon May 29, 2024 7:27pm

RE:RE:RE:Selling this morning for those wondering

Ex divvy date for who? LFE ex divvy date is the 31st according to Stockwatch as Ex divvy and record date are now the same. Tomrrow can still buy and get distribution.

Discussion

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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)