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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 > LFE unit nav to May 24 = approx: $15.31
View:
Post by mouserman on May 24, 2024 4:16pm

LFE unit nav to May 24 = approx: $15.31

Liitle pullback in IAG end of day  dropped the nav a little bit. However LFE UNIT NAV HAS HAD THE BIGGEST GAIN % WISE, AND $ wise since the 15th of May...of all the splitfundfs i follow.
Guess thats why it trades at such a big discount, despite the yield yield payout. People just  cant believe it can continue to go up.
Comment by Higherhopes2020 on May 27, 2024 10:20am
LFE, FFN, FTN purchase of 10% its own shares is a good thing. They all are trading at a discount at the present.  It will keep the short sellers away.
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