Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | 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 ends the week @ $15.52

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Post by mouserman on Feb 04, 2022 4:18pm

LFE unit NAV ends the week @ $15.52

So LFE now has gained 16 cents in the 4 sessions since the Jan 31 update
So commons now have a value of $5.52... and have a good chance of paying again here for the month of FEB . The NAV on the 15th of the month will determine whether that will happen.
Very bullish markets today, despite the tech selloff yesterday.
I did however exit my position today, and bought some FFN with the proceeds and sitting on some cash. Was a huge wonderful play tho in the past 3 weeks, netting a big capital gain, and the biggest monthly distribution, $-wise i can remember having .
I am inclined to move to higher safer ground......but good luck to all longs in LFE.

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Comment by speedyfeint on Feb 04, 2022 4:29pm

please keep posting eventho you exited your position. will be greatly appreciated, thank you.

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Comment by Higherhopes2020 on Feb 05, 2022 5:35am

Since the interst rates are going up Life insurance companies will do well like Banks. Yes please keep posting NAV that will help the longs. Over 23% yield is impressive as long as the NAV holds above $5.

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