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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

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > LFE diving as stop losses get hit.
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Post by mouserman on Feb 28, 2024 3:33pm

LFE diving as stop losses get hit.

Altho LFE would barely be below the level for paying, suddenly the prospects of lifecos are not as good as most analysts believe. Given the stubbornly high interest rates, and the good Q results from the majority of the insurers, one would think LFE's chances of continuing to pay for the next while would be good. Will see what happens in the next few weeks. I did not have stops in, and wishing now that i had.. as  you never know what going to happen on ex divvy day...
Comment by lilswede on Feb 28, 2024 3:46pm
I sold 1/3 of my lfe at 4.95 to buy Ffn at 4.60 ish...now wishing I would have sold all my lfe....o well, will hold the rest and see where it lands...