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 > Why..

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Post by Eoj123 on Jul 13, 2023 2:58pm

Why..

If I'm reading this right, why has this one only paid once in the years 2018, 2019 and 2020 and not since??

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Comment by Eoj123 on Jul 13, 2023 3:14pm

It's been a very big contrast in pay concistency to Brompton's LCS with the same holdings, not sure why...

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Comment by EdPaquette on Jul 13, 2023 3:17pm

Lifecos cant make money with low interest rates. LFE did worse than LCS because LCS only pays 7 cents vs 10. Now that interest rates are normal LFE should pay at least 6x per year soon.

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Comment by Eoj123 on Jul 13, 2023 3:53pm

Thanks Ed, I picked a few up

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Comment by mouserman on Jul 17, 2023 3:12pm

LFE actually does not have the exact same holdings. LFE HAS LOWER % OF ITS NAV in CAD lifecos... LCS has in order of weighting : IAG GWO MFC SLF **** LFE holdings by weighting are : MFC SLF IAG GWO BNS PRU* (US) TD CM LNC* (US) AFL* (US) MET*(US)

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Canadian Life Companies Split Corp