Canadian Life Companies Split Corp CLSPF

The value of LFE should remain at 16.60

[almic54]

Correct me if I am wrong, LFE has received since September 13th the following dividends:

 

Gwo .555 on September 27th 1.2% %

IAG .820 on September 16th 0.75%

MFC .40 on September 19th 1.0%

SLF .81 on September 27th 1.05%

1% = +- 0.15

 

Which should compensate for the September discount.

So no drop after the discount.

[mouserman]

LFE actually receives the credit for those dividends on ex divvy date. Receiving dividends from their holdings increases the NAV , does not cause a discount. I normally add the amount of the dividend to each holding  and that makes it a proper accounting to line up with Quadravest midmonth report. AT the end of the month we have to deduct the distributions LFE is paying out, which adds up to

[Snowsnake]

"I normally add the amount of the dividend to each holding"; does this mean you are adding shares to the account like a DRIP? I would have thought it would simply be held in cash ($US or $CDN).

[mouserman]

If GWO gets creditted with the dividend on ex divvy date , I add that amount to the stock price. It balances the books.