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 > Is this and other Quadravest investments a dividend trap?

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Post by Sanderzon Jun 21, 2022 2:15pm

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Post# 34771931

Is this and other Quadravest investments a dividend trap?

Referring to the Class A shares (not preferred shares), I see that this, along with a few other Quadravest funds/stocks, have super high dividend yields at the moment. I understand some of these are under the NAV, but investing now while the yield i s high seems like a good idea for the future.

However, are these just dividend traps? They say if a yield is high, it can be a dividend trap, and that if it's too good to be true it probably is.

Just want to get some people's opinions and insight here.

I bought just a small position here yesterday, for now

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