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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TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > LFE unit nav to Sept 23 = approx; $16.31 before dist.

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Post by mouserman on Sep 23, 2024 4:14pm

LFE unit nav to Sept 23 = approx; $16.31 before dist.

So a little pullback in MFC and IAG today, or UNIT NAV would have been even from yesterday.
Still looks good for distributions for while.. at least until the election, then its all a guess.
After distributions are factored in the commons would be valued at about $6.14 so trading at a slight discount even after dist are accounted for.