PFF - FLC: Attractively Discounted In A Friendlier Environment For The Fund
2025-08-13 13:12:23 ET
Written by Nick Ackerman, co-produced by Stanford Chemist
Flaherty & Crumrine Total Return Fund ( FLC ) was a strong-performing preferred focused fund from the popular preferred sponsor of Flaherty & Crumrine. For years, the fund was one of the strongest performing in its category; however, higher interest rates, while not having their borrowings hedged at all, certainly cost them during the 2022/2023 aggressive Fed hiking cycle. The overall portfolio is quite interest rate sensitive as well, meaning that the underlying was also negatively impacted by higher long-term rates....
FLC: Attractively Discounted In A Friendlier Environment For The Fund