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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Canadian Life Companies Split Corp > MFC Q report on AUGust 7

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Post by mouserman on Aug 05, 2024 12:09pm

MFC Q report on AUGust 7

Should show what happened as far as earnging the past Q, altho it may not matter in this global selloff.
Fact is tho that interest rates falling a few months into the future.. are NOT going to affect their profits from the 3 months ending in JUNE....
I still like the LIFECO safety and earnings much better than banks. In a stock market crash it may not matter, but eventually it will.

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Comment by NoShoesNoShirt on Aug 05, 2024 1:01pm

Fed is having an emergency meeting today.

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Comment by flamingogold on Aug 05, 2024 2:34pm

All I read about is what the "market" wants which is a cut but not of any emergency meeting currently in place. The FED cutting now just days after their policy meeting is egg on their face. I'm not saying it won't happen or that they should have cut, but what changed in a matter of days? Is the market trying to force Powell's hand here?

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Canadian Life Companies Split Corp