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Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp CLSPF

Primary Symbol: T.LFE Alternate Symbol(s): 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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Bullboard (TSX:LFE)

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Comment by navgodon Nov 11, 2024 8:00am

RE:RE:RE:LFE retraction of shares..

I respectfully disagree -- if in the month or two prior to Oct.31 you bought to play the retraction arb you would have followed through with the retraction. My best guess is that 20-25% of FFN and LFE ...more

Discussion

Comment by mousermanon Nov 09, 2024 4:46pm

RE:RE:LFE retraction of shares..

I can only think that at or before OCt 31 not many would have gambled on LFE unit nav being higher.. at the end of NOV. The real jump in the lifecos did not take place until after ...more

Discussion

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Comment by Donwaanon Nov 09, 2024 1:41pm

RE:LFE retraction of shares..

With the Nov.1st election deadline past, how will all this affect LFE shareholders now and going forward?

Discussion

Post by mousermanon Nov 09, 2024 8:03am

LFE retraction of shares..

Could be some delay figuring the retraction of class A shares. The Toronto Stock Exchange reports that Canadian Life Companies Split Corp.'s board of directors has approved an extension of the ...more

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Discussion

Comment by mousermanon Nov 08, 2024 5:16pm

RE:RE:Not unexpected, the lifecos pullback.

I was referring to covered calls prior to the election before the update OCT 31.. UNIT NAV at approx. $17.51 if my guess is close . Still no update from Quadravest as to LFE cash position and it ...more

Discussion

Comment by Inglewoodon Nov 08, 2024 1:27pm

RE:Not unexpected, the lifecos pullback.

Hopefully it was taken out near the high!

Discussion

Post by mousermanon Nov 08, 2024 12:53pm

Not unexpected, the lifecos pullback.

So after a 20 $ gain in one day for IAG, the profittakerss are jumping in and sending it down. I would imagine some covered call action with such a big jump in a very short time frame. I suppose ...more

Discussion

Post by mousermanon Nov 07, 2024 4:22pm

LFE unit nav to NOV 7 = approx; $17.63

Showing a gain of about $1.32 since OCt 31 .. and only LCS has gained more in that time. ALSO a lifeco split fund. Commons of LFE now have a value of $7.63 AFTER dist. and with the last trade @ $6.81 ...more

Post by mousermanon Nov 07, 2024 1:30pm

LFE unit nav in realtime @ $17.66

As expected IAG pulling back after the 20$ gain yesterday.. BUT OVERALL LFE NAV still up $1.36... crazy big jump in a week. Common shares last traded @ $6.80.. meaning the discount is about 86 ...more

Comment by mousermanon Nov 07, 2024 11:33am

RE:RE:RE:RE:LFE unit nav now @ $17.73 in realtime

Probably you should have waited until the days end at least.... but i know when i get something in my head, i usually do it quickly... like buying this morning after seeing MFC and GWO results.

Discussion

Comment by Stoiklaughon Nov 07, 2024 10:19am

RE:RE:RE:LFE unit nav now @ $17.73 in realtime

No worries my friend, Margin is a different reality and having margin call that FORCES you to sell stoks you know you should keep is enraging... I have learned from it and now try to avoid ...more

Discussion

Comment by mousermanon Nov 07, 2024 10:13am

RE:RE:LFE unit nav now @ $17.73 in realtime

Sorry,, about the LOL. i dont invest/ trade on margin...I am only invested within our taxfree TFSAs.

Discussion

Comment by Stoiklaughon Nov 07, 2024 10:02am

RE:LFE unit nav now @ $17.73 in realtime

I still appreciate you, and with all due respect, I think the LOL was not necessary... I also sold at a profit and removed some stress coming from a high margin over the weekend. When my ...more

Discussion