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 > Lifecos continue their run up...

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Post by mouserman on Sep 26, 2024 10:00am

Lifecos continue their run up...

UNIT NAV at this moment in time @ $16.54... unreal...

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Comment by Higherhopes2020 on Sep 26, 2024 10:33am

YEP, NAV goes up 15 cents and LFE goes up 2 cents. Does not make sense. Trading at big discount.

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Comment by flamingogold on Sep 26, 2024 10:41am

Might be safe to have some stop losses in place. The NAV always trades at a discount here (and DF too). Markets look quite top heavy lately and a swift correction could quickly erase those cap gains. I moved to DFN prefs for the interim, maybe too soon but never too late.

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Comment by Higherhopes2020 on Sep 26, 2024 11:56am

LCS goes up 23 cents where as LFE goes up 8 cents.@ They both have same holding.

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Comment by mouserman on Sep 26, 2024 12:37pm

Actually they dont have identical holdings... LCS owns ONLY the big 4 CAD lifecos. LFE owns those as well, but the % is smaller as they also have minor holdings in BNS, CM and TD , as well as US insurers, like AFLAC, Met Life, Prudential and Lincoln ( LNC). LCS is discounted more than LFE , mostly because of the illiquidity and low yield ( NOW only 10%) LCS has hit a now 18 year high today ...more

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Canadian Life Companies Split Corp