FFC News and Press, Flaherty & Crumrine Preferred Securities Income Fund Incorporated From 02/07/23

LOS ANGELES, CA, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter ended December 31, 202...

Summary DFP and HYB cut their distributions recently; DFP had cut several times through 2022. This isn't always bad as they focus on the longer term and do not overdistribute more than what they earn from income. Both are trading at attractive discounts, which makes them candidates ...

Summary Flaherty & Crumrine Preferred and Income Securities Fund is a closed end fund focused on preferred equity. The CEF is a leveraged take on banking and insurance preferred shares. The fund is fairly leveraged at 38% and is down -16% in the past year as rates have risen. ...

LOS ANGELES, CA, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“OCSL”) is pleased to announce the closing of the previously announced merger with Oaktree Strategic Income II, Inc. (“OSI II”), with OCSL as the surviving company. ...

LOS ANGELES, CA, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“OCSL”) and Oaktree Strategic Income II, Inc. (“OSI II”) today announced that each company obtained stockholder approval of the proposals related to the previously a...

Flaherty & Crumrine Preferred and Income Securities Fund Incorporated ( NYSE: FFC ) declares $0.093/share monthly dividend , -7% decrease from prior dividend of $0.100. Forward yield 6.53% Payable Feb. 28; for shareholders of record Feb. 21; ex-div Feb. 17. Pay...

Summary Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis. The portfolio had a loss of -12.5% in 2022, compared to -18.2...

11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time LOS ANGELES, CA, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for ...

Summary FFC invests in a portfolio of preferred stock and bonds in order to provide its investors with a high yield. The fund's high leverage has caused it to decline quite a lot over the past year, and it is likely to decline further as the Fed keeps raising rates. The fund is heav...

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...