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 nav dropping

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Post by mouserman on Jul 19, 2024 1:38pm

LFE nav dropping

I am not sure paying LFE commons this month was really a help.. other than to those who kept shares and are going to get another dist. Trouble is with the current correction in the banks/lifecos... the detioration in UNIT NAV is creased by the 10 cent payment to commons when they did not actually get there by the 15th.

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