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 > No surprise

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Post by Toppicks1 on Apr 16, 2024 10:30am

No surprise

This one pays for 2 months and then looses 20% in a couple weeks. These ones that have little to no safety are not worth it.

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Comment by flamingogold on Apr 16, 2024 11:11am

There is a huge risk owning a split that pays sporatically. Once it stops paying, the share price tanks and it can take months to recover from the negative capital loss. This is why it receives a constant discount to NAV even while it is paying. LFE will be back over $5 eventually but I prefer to buy it unloved and wait for that recovery. I get a nice cap gain, which is my goal, and any ...more

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