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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TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > LFE unit nav to May 30 = approx: $14.92

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Post by mouserman on May 30, 2024 6:04pm

LFE unit nav to May 30 = approx: $14.92

Pullback end of the day on all the CAD lifecos, sent the UNIT NAV back down.
After distributions the value of the commons would be $4.75. SO LFE now trading at a penny premium after the disributions are factored in.

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