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 Sept 27 = approx; $16.57 before dist.

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Post by mouserman on Sep 27, 2024 4:44pm

LFE unit nav to Sept 27 = approx; $16.57 before dist.

After distributions the common shares would be worth $6.40 today... and with the last trade @ $6.12 the discount is 28 cents after distributions are factored in.
LFE did pass DGS before in UNIT NAV before distributions are factored in. Another one bites the dust.
LFE showing a gain of 56 cents since midmonth udpate.

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