FFC News and Press, Flaherty & Crumrine Preferred Securities Income Fund Incorporated From 12/14/22

Summary For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad...

Flaherty & Crumrine Preferred and Income Securities Fund Incorporated ( NYSE: FFC ) declares $0.10/share monthly dividend , in line with previous. Forward yield 7.91% Payable Dec. 30; for shareholders of record Dec. 22; ex-div Dec. 21. Payable Jan. 31; for sharehol...

Summary Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are PGZ, WDI, and KIO. Author’s note: This article was released to ...

Summary Most income sectors are sitting on sizable losses this year as a result of higher interest rates, wider credit spreads and lower equity prices. Given these results, it can be easy to sell into weakness and lose sight of the fact that this year's rise in yields has generate...

Summary My last article reviewed the Flaherty & Crumrine Preferred and Income Securities Fund. All five F&C CEFs are down and one suggested strategy was doing a tax-loss swap. While all five funds invest closely, I chose to review two as a possible replacement for those in...

Summary FFC is the Flaherty & Crumrine Preferred Securities Income Fund, a CEF that invests mainly in investment grade preferred securities consisting of hybrid or taxable preferreds. At the time I gave FFC a Buy rating. That could not have been more wrong, as it is down ...

Summary The market is going through a period of extraordinary uncertainty. It makes the task of investing and conserving capital hugely challenging. With index investing, there's no escape from a roller coaster ride. For most people, especially retirees, it's very difficult to tol...

Summary Cohen & Steers Limited Duration Preferred & Income Fund 'LDP' is a fixed income closed-end fund. The vehicle focuses on bank and insurance-preferred securities. The fund has a granular build with a well-balanced credit rating profile. Despite its 2.7-year d...

Summary Looking at funds with some of the deepest negative z-scores, FFC has come up. This isn't the only Flaherty & Crumrine fund sporting a deep discount now, but it is showing the largest negative 1-year z-score. With the market selling off and discounts widening out in...

Summary We review CEF market valuation and performance through the last week of September and highlight recent market action. September was the worst month for CEFs since March of 2020, with a double-digit drop for the broader CEF space. We discuss the income dynamics of the F...