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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 Higherhopes2020on Oct 09, 2024 2:28pm

RE:LFE in real time no change since yesterday.

Thanks. Hope some day DF, DFN, LFE will trade at PAR or at a premium like DGS. They all hold TMX blue chip stocks like in DGS. I Sold DGS and bought DF, DFN last week at ...more

Discussion

Post by mousermanon Oct 09, 2024 2:09pm

LFE in real time no change since yesterday.

Spreadsheet saying the UNIT NAV still around $16.52

Discussion

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Post by mousermanon Oct 08, 2024 5:06pm

LFE unit nav to OCT 8 =approx: $16.52

Showing a gain of 14 cents since the Sept 30 update. Most of those gains from MFC and IAG. LFE commons have a value of about $6.52 after the distributions were paid. So the discount now ...more

Post by mousermanon Oct 07, 2024 4:28pm

LFE unit nav to OCT 7 = approx: $16.51

Showing a gain of about 13 cents since Sept. 30.. and so with the last trade @$6.23, means the commons are discount 28 cents . Only about 4.3 % or so

Post by mousermanon Oct 04, 2024 4:25pm

LFE unit nav to OCt 4 = $16.59

So updated cash position from Quadravest shows LFE holding 15 % . Way up from 3 % last report. Now i understand how my spreadsheet was that far out. Now showing a gain of only 21 cents since sept 30.. ...more

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Post by mousermanon Oct 04, 2024 11:24am

LFE off and running again

Had to jump back in ... UNIT NAV now at about $16.65 as MFC up over 2% and every stock holding in the fund up nicely. DGS will be the next split fund for LFE to pass.

Post by mousermanon Oct 03, 2024 4:47pm

LFE unit nav to OCT 3 = approx; $16.39

Looks to have gained just over a penny since the Sept 30 update. Continuing to outperform most Quadravest split funds. ONLY DF had a gain, also a penny, since the udpated numbers. BK, FTN and FFN all ...more

Post by mousermanon Oct 03, 2024 1:54pm

LFE unit nav in realtime @ approx; $16.36

So at this point today, LFE has only lost a couple of pennies. MFC just popped into positive territory and IAG as well.

Comment by mousermanon Oct 03, 2024 10:37am

RE:RE:RE:RE:RE:RE:Decided today was time to take some profits

Thanx for that clarification navgod... might take advantage of that with DF if the discount is big enough. LFE discount is pretty small today , and lifeocs got beten up hard at the opne, i think ...more

Discussion

Post by mousermanon Oct 03, 2024 9:41am

LFE unit nav reported to Sept 30 @ $16.38

So as with all of my Spreadsheets so far today, my estimate was high. Not sure where the descrepancy was , and will adjust that number on my spreadsheet and wait for full update.

Comment by navgodon Oct 03, 2024 9:16am

RE:RE:RE:RE:RE:RE:RE:Decided today was time to take some profits

You are correct for the ANNUAL retraction but this is the Recurring Special Retraction Right that occurs with a termination/extension event which treats capital and pref shares independently.

Discussion

Comment by amugsgameon Oct 03, 2024 8:48am

RE:RE:RE:RE:RE:RE:Decided today was time to take some profits

Am I correct in believing that an equal amount of the A"s + Prefs have to be submitted to take advantage of the retraction process?

Discussion

Comment by navgodon Oct 03, 2024 8:26am

RE:RE:RE:RE:RE:Decided today was time to take some profits

Yes for DF,DFN,and FFN the extension occurs every five years. Every six years for LFE. The capital shares will receive the NAV as calculated on Nov.30th. Retraction must be submited by November 1 but ...more

Discussion

Comment by mousermanon Oct 02, 2024 3:13pm

RE:RE:RE:RE:Decided today was time to take some profits

I have been adding DF as well, just find it a better value than DFN...BUT remind me again how this retraction works. I know you have to submit a request ahead of the date, and then it takes a while ...more

Discussion

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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

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Bullboard (TSX:LFE)