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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 original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012. The Company will invest primarily in a portfolio of common shares of Proceeds: (the ``Portfolio) which will include the following publicly traded Canadian life insurance companies (the ``Portfolio Companies), each of whose shares will generally represent no less than 10% and no more than 30% of the net asset value (``Net Asset Value) of the Company: Great-West Lifeco Inc.


TSX:LFE - Post by User

Comment by flamingogoldon Aug 15, 2024 12:55pm
52 Views
Post# 36180889

RE:RE:RE:LFE unit nav to AUg 14 = approx: $15.10

RE:RE:RE:LFE unit nav to AUg 14 = approx: $15.10You mean this?

https://stockhouse.com/companies/bullboard?symbol=t.lfe&postid=36087033

Post by flamingogoldon Jun 13, 2024 10:48am
92 Views 
Post# 36087033

Like clockwork

LFE is always a sell at 5. Always. Indices this year have sported multiple records and yet LFE falls flat once again. Buying this for cap gains only is the better strategy

I have been saying for awhile that LFE is a better buy in the low 4's or mid 3's for cap gains only and it's a strong sell at $5. When it was over $5 I recall reading how this was still a buy cause it's at a discount. The shares here always trade at a discount. It then sold off hard.

mouserman wrote: Yeah i remember a few weeks ago you were saying buy at 3$ and hard sell at 4$ how did that work out for you...? People who were buying at 4$ were a lot smarter... Lifecos earnings and fundamentals are pushing those up, not some charts from when the interest rates were near 0%.


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