It was found that dissolution of the graft copolymer has an effect on drawability and other properties of fibers spun from this graft copolymer. The resistance to double bending and abrasion resistance are considerably decreased with the increase of the dissolution temperature. The breaking properties were not greatly changed. The maximum loop and knotted yarn strength was reached when the polymer was dissolved by heating. These values are 100% and 99% of the original, respectively—higher than those obtained from PAN and PANM. The presence of 5% PMA in the side chains of the graft copolymer increased the flexibility of these chains. This is evident from the decrease of the initial modulus of elasticity from the values obtained for PANM and PAN.