Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 2:01pm
68 Views
Post# 36181047

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

RE:RE:RE:RE:RE:LFE unit nav to AUg 14 = approx: $15.10I own FFN prefs so don't double up on the commons. And I haven't owned FTN for awhile, I believe they reverse split and I've just stayed away from it. Hold BK and DGS instead for longer term and trade DF, DFN and occasionally LFE.

Yes, any market pullback is going to hit all these. My average for DGS is $1.47 and held in a TFSA. Will never let that one go. BK always pays as do FFN prefs so even in a down turn I get paid to wait for a market recovery.

There is one more that I own long term but it's sleepy. BEPR. Bought it during covid. Haven't made much on the cap gain side yet but it always pays and I believe it will start to climb again once the FED rate cuts begin.

mouserman wrote:
flamingogold wrote: You 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%.



SO DFN , DF , FTN and FFN all were at a discount and sold off hard... what was the reason for not including those .. When the stock market crashes it takes no prisoners , no matter the fundamentals.
There is a reason why  LFE is the leading % gainer the past few days.,.. it was more oversold than the others.


<< Previous
Bullboard Posts
Next >>