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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 flamingogoldon Oct 02, 2024 12:01pm

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

I exitted even sooner but as they say no one ever lost money selling for a profit. I still have core positions in DGS, BK, GDV and FFN/DFN prefs that I will hold through any selloffs.

Discussion

Comment by Stoiklaughon Oct 02, 2024 11:47am

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

I think you still did pretty good... I am thankfull that you flagged lifecos around a month or two ago... I am exiting some positions as well but increased on LBS for now....

Discussion

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Comment by mousermanon Oct 02, 2024 10:53am

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

Sold the last of those today, only regret was not buying more back then.

Discussion

Comment by flamingogoldon Oct 02, 2024 10:38am

RE:Decided today was time to take some profits

Congrats to you, you did well. Never a bad thing to take profits because sooner or later the market will take them away again.

Discussion

Post by mousermanon Oct 01, 2024 4:54pm

LFE unit nav to Oct 1 = approx; $16.43 after dist.

SO only a loss of 3 cents since yesterdays guesstimate. Waiting on the Quadravest for the full update, to see how close this comes.

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Comment by mousermanon Oct 01, 2024 3:29pm

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

No i dont think there is too much casualty insurance involved with the big 4 CAD lifecos in that part of the US. But the minor holdings of US insurers for sure will be somewhat affected ...more

Discussion

Comment by kurtwalteron Oct 01, 2024 1:47pm

RE:Decided today was time to take some profits

Do you expect Hurricane Helene to impact Canadian life insurance companies?

Discussion

Post by mousermanon Oct 01, 2024 11:44am

Decided today was time to take some profits

Not just the general dumping in the markets early, but US insurers are bound to see some negative from the Hurricane in SE US.. Likely damage in the hundreds of billions of $, and many lives lost ...more

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Discussion

Post by mousermanon Sep 30, 2024 4:38pm

LFE UNIT NAV to Sept. 30 = approx: $16.46

Showing a gain of near 62 cents before dist. and UNIT before dist was around $16.63. LFE the leading gainer again amongst the Quadravest splits once again. Next closest likely was FTN.

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Post by mousermanon Sep 27, 2024 4:44pm

LFE unit nav to Sept 27 = approx; $16.57 before dist.

After distributions the common shares would be worth $6.40 today... and with the last trade @ $6.12 the discount is 28 cents after distributions are factored in. LFE did pass DGS before in UNIT NAV ...more

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Comment by mousermanon Sep 27, 2024 9:46am

RE:RE:RE:The value of LFE should remain at 16.60

If GWO gets creditted with the dividend on ex divvy date , I add that amount to the stock price. It balances the books.

Discussion

Post by mousermanon Sep 26, 2024 4:54pm

LFE unit nav to Sept 26 = approx; $16.57

Spreadsheet is now showing a gain of over 56 cents since Midmonth udpate... and that values the commons at $6.40 after distributions are accounted for. Last trade @ $6,17 gives it a discount of 23 ...more

Comment by Snowsnakeon Sep 26, 2024 4:49pm

RE:RE:The value of LFE should remain at 16.60

"I normally add the amount of the dividend to each holding"; does this mean you are adding shares to the account like a DRIP? I would have thought it would simply be held in cash ($US or ...more

Discussion

Comment by mousermanon Sep 26, 2024 4:43pm

RE:The value of LFE should remain at 16.60

LFE actually receives the credit for those dividends on ex divvy date. Receiving dividends from their holdings increases the NAV , does not cause a discount. I normally add the amount of the dividend ...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)