Canadian Life Companies Split Corp T.LFE

Buzz on the Bullboards: Bombardier, world woes, a smart fridge, and top shelf weed

[mouserman]

Lifecos not slowing down a lot... all 4 CAD lifecos up today, and 2 more going ex divvy by monthend. Banks in LFE are a little weak today, altho BNS has been on a tear .

[Jonathon Brown]

A highlight of the week was Bombardier (TSX:BBD), which reported impressive growth in its Q3 2024 results. read article.

[mouserman]

Showing a gain of about 5 cents now on revised spreadsheet. So commons now valued @ about $7.72 and last trade @ $7.12 leaves a discount of 60 cents or about 7.7%

[PressRelease]

TORONTO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (the "Company") declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.06625 for each Preferred share ($0.795 annualized). Distributions are payable December 10, 2024 to...read article.

[mouserman]

Quadravest updated the UNIT to the 15th at $17.67. I am thinking some covered calls got taken out which should increase the cash position for the monthend squaring up on the retraction of the commons.

[mouserman]

Showing about a gain of a penny since NOV 15th , and with the last trade @ $7.15 the discount is 64 cents or about  8.2% ,and that of course has come down a lot.

[mouserman]

So showing only a loss of 2 pennies since NOV 15 numbers ... Commons value is $7.76 here and a nnice pop in the LFE commons to $7.15 today, means the discount will be a lot less here  @ 61 cents

[mouserman]

I dont think the covered call income or loss will be signifcant, if history is any indication. They had a big cash position already at 18%.. and  I think that is in advance of some folks

[Inglewood]

This mid month update is the most important update since the COVID-era updates. Just praying the covered calls didn't take us out at the knees !

[mouserman]

So just waiting on Quadravest to update the UNIT NAV to the 15th.. they do not usually post a weightings change , but there could indeed be some changes in % of UNIT NAV with big moves in MFC ( +13.22

[mouserman]

Spreadsheet showing a gain of about 1.47 to Nov 15th, but not sure if this will be accurate... could be  a lot of changes... but for now that is the guess.

[mouserman]

Globe says Sun Life kept at "sector outperform" Sun Life Financial Inc (C:SLF) Shares Issued 576,491,169 Last Close 11/14/2024 $85.95 Friday November 15 2024 - In the News The Globe

[mouserman]

Showing a gain now of $1.54 since OCt 31.. and would be the leading monetary gainer amongst the Quadravest split funds. However LCS would be the overall leader since that date, up over 2$ at last look

[mouserman]

Showing a gain of $1.51 since OCT 31 as IAG bounced back up to near the highs of last week.. ALL 4 CAD lifecos are up... and looking forward to ex divvyday..

[mouserman]

Showing a gain now of about $1.42 since OCt 31... and that values the common shares @ $7.73 , so the discount is with the last sale @ 6.92 is about 81 cents or about  10.5%..

[mouserman]

MFC,  the biggest holding , continues on to new highs... up over 1% again the start the day..