Canadian Life Companies Split Corp T.LFE

New Press Release - Canadian Life Companies Split Corp.: Class A Stock Split

TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (“the Company”) (TSX: LFE, LFE.PR.B) is pleased to announce a stock split of its Class A shares. The Class A shareholders of record date at the close of business on December 19, 2024 will receive an additional 10 post...read article.

[mouserman]

Well that is a surprise and i think a good one. More shares ( and distributions)  for those u hold and helps with the retraction of commons , as more commons will be out there.

[Donwaan]

Distribution stays at 10 cents. Our share count goes up by 10% so more each month in distributions but NAV drops by 10% and share price likely drops proportionately. Is this how it works?

[elonmuskrat247]

example: presplit nav $7.50 x 100 shares equals $750, post split nav $6.81818 x 110 shares equals $7.50. but now you get distribution of 0.10 x 110 shares equals $11 instead od $10.