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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Canadian Life Companies Split Corp > Sellers stepping in and selling down LFE

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Post by mouserman on May 15, 2024 10:57am

Sellers stepping in and selling down LFE

I see the stock price for the common shares has dropped a lot despite the NAV being above 15$.. 3 of the 4 CAD lifecos now in red, so if that gets worse it may drop close to 15$.... but not sure i would be selling with it already discounted so much. Downside seems limited.
I also note that the markets are not all gungho about the CPI report.. banks are soso and other sectors have some red...

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Comment by Experienced on May 15, 2024 11:33am

What is the NAV now?

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Comment by flamingogold on May 15, 2024 12:25pm

Rest assured, this is going to pay along with DF and DFN too.

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Comment by mouserman on May 15, 2024 12:48pm

My spreadsheet has the UNIT NAV at approx: $15.10, the gain now @ 75 cents since the April 30 update. Nothing written in stone, and its a guessing game with Quadravest split funds, as full updates with % weightings are rare, and generally 3 months old by the time they are posted.

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Canadian Life Companies Split Corp