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 > What are LFE buyers seeing today?

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Post by mouserman on Mar 15, 2022 10:15am

What are LFE buyers seeing today?

LFE one of the few split fund commons in green, and of course is going to miss paying to commons for the month of MARCH, AND MAYBE much longer.
NAV is dropping down closer to the 14$ range for the unit NAV, and the premium is CRAZY.....
Oh well no accounting for stupid.

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Comment by speedyfeint on Mar 15, 2022 3:25pm

yeah i just don't understand. are there so many 'noob' investors or do they know something that i don't know? there is absolutely no way i'm going to pay this crazy premium for a split share fund that's below $15 nav threshold.

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Comment by flamingogold on Mar 15, 2022 6:23pm

LFE volume is not insignificant. Maybe I'm wrong but it's hard to believe there are that many newbies out there blindly throwing money into this without some DD. The only thing I can surmise is we are entering a long phase of fiscal tightening, one we have not seen in years. Perhaps some are betting on improved numbers for insurers in this new higher inflation/rate environment. We all ...more

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