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

Add To Watchlist

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > LFE unit nav to May 16 =approx; $15.26

View:

Post by mouserman on May 16, 2024 5:33pm

LFE unit nav to May 16 =approx; $15.26

So my spreadsheet has LFE gaining about 15 cents since the close yesterday. If my spreadsheet was accurate to the 15th then the UNIT NAV would be $15.26 today. Gains were in terms of % and $$ was biggest of any of the Quadravest split funds today.. it is strange how sellers showed up to keep the commons below 15$...profit-taking i would suspect.

147

Comment

Comment by Experienced on May 17, 2024 12:03am

Mouserman - yeah but to your earlier point, if it is paying out at close 25%....one would expect buying not selling. I made four round trips on LCE last Fall where it dropped to 5 or high 4s and bounced back to 6 when they confirmed they were paying. Either way I am happy to pick up the 25% divy for now especially at a discount to NAV

108

Comment

Canadian Life Companies Split Corp