Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE.PR.B

Primary Symbol: T.LFE Alternate Symbol(s): CLSPF

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 > Reset all LFE holdings to Nov 15 close.

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Post by mouserman on Nov 18, 2024 2:48pm

Reset all LFE holdings to Nov 15 close.

So just waiting on Quadravest to update the UNIT NAV to the 15th.. they do not usually post a weightings change , but there could indeed be some changes in % of UNIT NAV with big moves in MFC ( +13.22%), SLF , (+9.95%) and IAG (+15.6) since OCT 31..
GWO only eked out a gain of 4.3%..

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Comment by Inglewood on Nov 18, 2024 5:15pm

This mid month update is the most important update since the COVID-era updates. Just praying the covered calls didn't take us out at the knees !

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Comment by mouserman on Nov 18, 2024 6:25pm

I dont think the covered call income or loss will be signifcant, if history is any indication. They had a big cash position already at 18%.. and I think that is in advance of some folks retracting common shares. Thye also had to pay out 17 cents in distributions, but that was accounted for so would not affect the cash positions.

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Canadian Life Companies Split Corp