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FFC - Flaherty & Crumrine Preferred Securities Income Fund - A Defensive Income Fund With Low Costs
Flaherty & Crumrine Preferred Securities Income Fund Incorporated
Preferred stocks/products are a good choice for defensive investors seeking high-yield income products. This is because preferred products are paid ahead of common shareholders in case of a bankruptcy.
Flaherty & Crumrine Preferred Securities Income Fund (FFC) is a fund that primarily invests in such products. The Fund’s strategy is to offer high current income for holders of its common stock consistent and it tries to do so while still trying to preserve capital.
Investment Thesis
FFC has a current distribution yield of >6.74%, there are some other Closed-End-Funds with higher yields, but