Canadian Life Companies Split Corp T.LFE

LFE unit nav in realtime @ $15.19

[mouserman]

So spreadsheet is showing a gain of about 84 cents  since the April 30 update. Really is looking like it will make the cut if thes holdings can all stay green .. only GWO down a little today.

[Experienced]

Thanks Mouserman...haven't following this one...

[mouserman]

Seems  as tho the street is pircing LFE as if it has already missed making the cut for paying to commons. My spreadsheet is saying it would still have to lose about 12 cents tomorrow to miss...

[Experienced]

Mouserman..... wondering if people don't realize that the decision is being made tomorrow 

[azzurri]

As has been noted in the past by AnEducator, the Quadravest splits are not hard coded to the 15th of the month NAV. If there's a drop below $15 NAV at close tomorrow, they may use today's closing NAV or a future NAV within the next couple of weeks that attains the $15 level. Just go look at what they did with DFN last month.

[mouserman]

DFN is the ONLY split fund in Quadravest where that has happened.  They could have used a different date for DF one time and paid, but they didnt. And BK had the threshhold actually beat on the 15th of the month in March 2020 but Quadravest decided not to pay to commons. Nothing is written in stone.

[azzurri]

Great perspective Mouseman. Interesting that they take liberties with their flagship product (DFN) but, not with other of their splits under similar circumstances. Good thing is that based on today's start to the market, and without a significant drop through the day, we should make requisite NAV by close.

[mouserman]

UNIT NAV is flat  today so hanging in there around $15.15 with a gain of 80 cents since the April 30th update. GWO and IAG pulling back for whatever reason...I think big gains may cause some profittaking as other sectors starting to bounce up now. Meme stocks are a fav for traders it appears.

[flamingogold]

DFN is Quadravest's bread and butter fund. They will do whatever they can to pay out on that one. The rest will need to meet the guidelines. Having said that, today's US CPI# was a sigh of relief for investors and that is moving up the indices. LFE is already in payment territory so a distribution is a slam dunk here.