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

Alternate Symbol(s): T.LFE.PR.B | CLSPF

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 holdings all up...

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Post by mouserman on Feb 08, 2022 11:54am

LFE holdings all up...

It appears by the trading today, that the Q reports for the big 4 canadian lifecos are going to be good. Tomorrow i believe SLF, MFC, and GWO all report Q4 results and also yearend i believe.
In hindsight i should have held on to some... LOL

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Comment by slst on Feb 08, 2022 12:02pm

I had sold some too, with a decent gain. The insurance Cos are included in the other splits, so we are fully invested in them through other baskets. Not sure why this continues to trade at such a discount with such a large distribution yield. Too good to last....maybe.

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Comment by MarcoArashO on Feb 08, 2022 1:06pm

The question is until WHEN will it last? Will numbers go up to the $7-8s, or will we have a lot of overnight offerings when premiums get too high? Oh the fun of splitshares.

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Comment by Higherhopes2020 on Feb 08, 2022 1:36pm

Lets see what happens after earnings report tomorrow night. Glad I did not sell. Added another 5k @5.33

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Comment by mouserman on Feb 08, 2022 4:09pm

Well my spreadsheet says UNIT NAV now @ $17.73 , and LFE has gained about 37 cents since the JAN 31 update. So would have to go up a lot to get a 10% + premium that would be required for an offering. Right now its at quite a discount, and would be the only SPLITFUND COMMON paying over 17% that is.

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