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 guess to April 10 = approx; $14.77

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Post by mouserman on Apr 11, 2024 9:22am

LFE unit nav guess to April 10 = approx; $14.77

Lifecos have taken a real dive, not sure why the street believes they arent a good buy here. I still like the fundamentals...

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Comment by NoShoesNoShirt on Apr 11, 2024 9:24am

Lifecos own malls and office buildings?

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Comment by WillisSan on Apr 11, 2024 9:27am

I am not sure why but I am getting $14.875 when I calculated the NAV this morning. I wish Quadravest was more like other funds and provided more frequent updates on holdings and NAV.

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Comment by mouserman on Apr 11, 2024 10:45am

Quadravest has updated the holdings and cash % to March 29.. and the smaller cash position is a negative when stocks are falling.

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Comment by mouserman on Apr 11, 2024 10:47am

You do know that LFE has 7 holdings outside of the top 4 big CAD lifecos? They are very small holdings but must be accounted for. It is a bit of guesswork on those % .. but my spreadsheet has beenn within a few pennies the last few months.

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Canadian Life Companies Split Corp