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 in realtime @ $16.38

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Post by mouserman on Sep 24, 2024 10:21am

LFE unit nav in realtime @ $16.38

Showing a gain of 37 cents since the update midmonth... and after distributions the commons would have a value of $6.21.... so still discounted. China stimulus pushing the markets up today.

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Comment by Higherhopes2020 on Sep 24, 2024 10:38am

Thanks. NAV keeps moving up but LFE does not move. Trading at a big discount. Bought some this morning. Get 10 cents if we keep it for next couple days.

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Comment by mouserman on Sep 24, 2024 1:06pm

Very few of these split fund commons trading at a premium. DGS, BK and today FFN is... as the US and CAD banks are mostly down. ALL 4 CAD lifecos are up nicely again, and the trend is your friend, i have been a believer in the insurers for a while.. Warren Buffet on my side too.

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Canadian Life Companies Split Corp