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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

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > Lifecos continue to roll, divvies coming in the next 2 weeks
View:
Post by mouserman on May 16, 2024 1:07pm

Lifecos continue to roll, divvies coming in the next 2 weeks

So ALL 4 CAD lifecos going ex -divvy in MAY, next one is MFC .40 cent dividend , i believe on May 21. IAG goes ex divvy on the 23rd, pays  82 cents. SLF and GWO both at the end of MAY.
AS well Prudential goes exdivvy  on MAY 20.. and tho its a small holding the payout is $130 USD. AFLAC also going es divvy on may 21 , but only 50 cents.
Metlife went ex-divvy on MAY 6 so that was accounted for before the  15th update.
Comment by mouserman on May 16, 2024 1:09pm
OOPS that should read PRU paying out $1.30 USD somehow the decimal point did not take to my fatfinger.
Comment by Experienced on May 17, 2024 3:07am
LOL mouserman......was thinking I should a have bought PRU…lol
Comment by Snowsnake on May 17, 2024 1:08pm
Can one presume this will give the NAV a bit of a boost, on top of the direction the holdings go?
Comment by mouserman on May 17, 2024 1:46pm
Of course it gives the NAV a boost as the main holdings MFC and SLF are about 57 % of the fund. So  just those 2  should amount to about 10 cents gain in UNIT NAV at minimum in the next 2 weeks . Then the smaller holdings IAG, GWO , AFL and PRU all go ex divvy as well, and should be nearly that much again.
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