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 in realtime + approx; $15.12

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Post by mouserman on Mar 05, 2024 10:02am

LFE unit nav in realtime + approx; $15.12

Now with all 4 big CaD lifecos up the gain is 21 cents since thursday. Discount is almost 10%... nuts...for a paying split fund common.

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Comment by NoShoesNoShirt on Mar 05, 2024 10:22am

Even more nuts is the trajectory of LFE nav, and it looks like it will continue.

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Comment by lilswede on Mar 05, 2024 12:16pm

Commons trading at almost .50 ct discount. For a split with such a low float there sure seems to be alot of sellers...good for those buying. Not sure I understand why you would want to sell now with it possibly becoming a consistent divy payer.

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Canadian Life Companies Split Corp