North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount of over 5.5% annually and to pay the holders of the preferred shares a certain price per preferred share on or about the termination date. Its investment objectives with respect to class A shares are to provide holders of class A shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company for a specific price per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying a specific price per preferred share. Its investment manager is Quadravest Capital Management Inc.

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North American Financial 15 Split Corp > Ffn.pr

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Comment by flamingogoldon Nov 23, 2022 10:37am

242 Views

Post# 35121729

RE:RE:RE:Ffn.pr

The carry trade is dead, unless someone likes to play with fire. I made my first carry trade with DGS in 2010 after the financial crash. Held it for years and did extremely well... paid only interest and when rates started to climb years later I paid back my HELOC. I was entertaining the trade again when rates were crashed to 0 during covid, but decided not to. In hindsight , it would have worked out but the key is to know when to close it. Unlike post financial crash, many did not expect rates to go up this fast in such a short time post covid. Some may have been caught.

EdPaquette wrote: My guess is margin players. They used to borrow at 3% and buy the preferreds. Now they pay 7% and there's no point.

impega wrote:
Was wondering that myself. Big volume too.