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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.


TSX:FFN - Post by User

North American Financial 15 Split Corp > Split share payout ratios
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Post by kurtwalteron Nov 08, 2024 1:39pm
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Post# 36303626

Split share payout ratios

Split share payout ratiosI have been worried for some time about the payout ratios of split share capital shares as the payout ratios are quite opaque. In the passive income investment  community there has been a bit of a buzz recently about new covered call ETFs which seem to have become quite popular, but i suppose split share capital shares are basically leveraged covered call ETFs as well. Should I just give up my worries and accept that covered call premiums will cover the high yields of FFN, LFE and such?
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