Canadian Life Companies Split Corp CLSPF

LFE unit nav to July 30 = approx: $15.04 before dist.

[mouserman]

So we saw a pullback towards the last part of the day, and the net result was the Commons having a value of about $4.87 after distributions are paid out. LFE needs to gain about  13 or 14  cents by AUG 15th to make the cut again  for paying to commons.
I bought a few more today, as i think the 4 BIG CAD lifecos will again report surprisingly good earnings in August ...

[BOMAS]

MOUSERMAN (or any other reader,) Thanks for the update. Also based on the LFE Jul17-2024 press release (link below) it looks like LFE is paying a $0.10/share dividend for July? https://stockhouse.com/news/press-releases/2024/07/17/canadian-life-companies-split-corp-declares-class-a-preferred-share-dividend Can you confirm?   I just was not looking at LFE very carefully this July and

[mouserman]

Yes Quadravest used a later date for LFE (JULY 16th) , and that gave them the UNIT NAV above 15$ that triggers a payment to Common shares for the month of JULY. They have done that as well with DFN on more than one occasion, but i was surprised they did it for LFE. Normally the calculation  date is on or near the 15th  of every month, and that is when they determine which split fund

[Mmb060]

Bought some today as NAV is up, but shares down 1c

[navgod]

you do know it went ex div today?

[Mmb060]

Yes, 100% aware.  

[Mmb060]

Btw, you know its not really a dividend ( ie from income earned), but a return-of-capital.