FFC News and Press, Flaherty & Crumrine Preferred Securities Income Fund Incorporated From 11/18/21

Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE:FFC) had declared $0.1265/share monthly dividend, in line with previous. Payable Nov. 30; for shareholders of record Nov. 22; ex-div Nov. 19. See FFC Dividend Scorecard, Yield Chart, & Dividend Growth. ...

PTA's NAV has been rising, while its share price has been declining, that's exactly what we want to see for buying opportunities. This fund was launched late in 2020, and we are just finishing up the first year of existence. The results from this fund, thus far, have been quite ap...

No portfolio or strategy can be perfect. But can there be a strategy that can work well in a bull market, a bear market, or a stagnant market, generate a decent income, and conserve capital, all at the same time? We also want our strategy to avoid roller-coaster rides of index investi...

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

August was quite the busy month for my closed-end fund portfolio, though 4 of the additions came about as swaps for better valued funds. DLY was a recent fund I covered, and is one that I swapped out from PKO, but I also added additional capital. I sold out two funds in August but...

The preferred stock space has been richly valued for some time as the 'other' funds join Flaherty & Crumrine ("F&C") funds in premium land. F&C is the premier manager in the preferred stock space, across any publicly traded asset type, with a fantastic long-term track reco...

PFO was a recent addition to my portfolio after a swap from FFC. PFO currently trades at a 4.24% premium, but this fund regularly trades at a premium. The fund currently pays an attractive distribution yield of 6.17%. For further details see: PFO: Preferred Income, 6.17%...

A recovery in credit spreads and a drop in Treasury yields have buoyed the prices of preferred stocks and sector CEF NAVs. This has allowed preferred CEFs to increase borrowings this year which drives higher income levels and strengthens distribution coverage. In particular, the F...

Last time we touched on FLC, they had trimmed their distribution a bit. They are focused on sustainability and making sure their distributions are covered through income. This fund currently has a distribution yield of 6.45%. For further details see: FLC: Distribution Se...

During July, global consensus earnings estimates have re-accelerated to the upside, representing another bullish impulse in the tug of war between high valuations on the one hand and strong profits momentum on the other. Despite market worries of a loss of momentum in the near term, t...