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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

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > Not unexpected, the lifecos pullback.
View:
Post by mouserman on Nov 08, 2024 12:53pm

Not unexpected, the lifecos pullback.

So after a 20 $ gain in one day for IAG, the profittakerss are jumping in and sending it down. I would imagine some covered call action with such a big jump in a very short time frame. I suppose having the cash from the sale near the high wont be all BAD...
Comment by Inglewood on Nov 08, 2024 1:27pm
Hopefully it was taken out near the high!
Comment by mouserman on Nov 08, 2024 5:16pm
I was referring to covered calls prior to the election before the update OCT 31.. UNIT NAV at approx. $17.51  if my guess is close . Still no update from Quadravest as to LFE cash position and it was @ 15% . Must be working on it still. My guesstimate says if cash stayed the same , the UNIT NAV will have gained 1.20 since the OCT 31 update. All 4 CAD lifecos are up substantially since then ...more