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 > Question - Covered Call EFTs

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Comment by mousermanon Dec 30, 2022 1:29pm

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Post# 35197335

RE:RE:Question - Covered Call EFTs

Covered calls are an option play, and when exercised you have to have the stock on hand to sell. But you make money on premium you sold it for and then can buy/add to another holding in the fund that you deem a bargain.
However these are only as good as the person/professional playing the options. There is more to it than just setting a covered call option at the price today, as you would get very little premium... when things are selling off hard and you set a covered call at a price much higher, you can get pretty good premiums.
I am told volatile markets are the best for these types of options.

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