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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Comment by mousermanon Jun 22, 2022 8:25pm

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Post# 34775749

RE:RE:RE:RE:RE:RE:RE:RE:Is this and other Quadravest investments a dividend trap?

You only make money on options if you guess the timing for the direction of the covered calls. If too high they expire worthless, but you still own the stocks that have lost a big %.

Bigalex wrote: If i'm not wrong the split funds use options trading / covered calls to generate more value and being able to paid more than the 6% market sustainable yield.

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