FFC News and Press, Flaherty & Crumrine Preferred Securities Income Fund Incorporated From 03/31/22

With the press bleating about the yield curve inverting (again!) and scaring everyone with recession talk, we dividend (and particularly closed-end fund!) investors need to talk strategy. I’ll drop a ticker that’s perfectly suited for these weird times in a second. First, ...

With index investing, there's no escape from a roller coaster ride. For most people, especially retirees, it's very difficult to tolerate large and deep drawdowns. Retirees and conservative investors need income, growth to meet inflation, and most importantly, conservation of capital ...

Today, we are looking at how to tell if a fund might be paying a sustainable distribution or not. We use several examples covering both fixed-income and equity funds to help highlight their differences. Overall, fixed-income funds are more straightforward to analyze than equity fu...

PTA continues to remain one of the more attractively priced preferred closed-end funds. At the same time, the fund has been holding up about as well as its peers on a YTD basis. This makes PTA a strong candidate for a long-term investor based on the attractive valuation. For...

We review CEF market valuation and performance through the fourth week of February and highlight recent market action. CEF NAVs held up well this week outside of EM sectors and in line with broader markets, however, discounts widened in aggregate due to the spike in volatility. On...

We take a look at the hybrid mortgage REIT preferreds sector as Q4 earnings are beginning to come through. Hybrid mREITs have maintained a more stable book value profile over the last few quarters while many agency mREITs have seen double-digit declines. The sub-sector has outperf...

We review CEF market valuation and performance through the third week of February and highlight recent market action. The CEF market had another down week with Munis and EM Debt. Tax-loss rotations tend to happen towards the end of the calendar year, however, the unusual weakness ...

We highlight FFC - a strong performer in the preferreds sector that has just moved out to an attractive valuation. We also use FFC as a case study of how the Fed's rate hiking trajectory will raise most fund leverage costs and reduce CEF net income levels. And discuss strategies f...

We review CEF market valuation and performance through the second week of February and highlight recent market action. It was another down week for the CEF market with about a quarter of sectors now at double-digit losses for the year. We discuss how CEF sector tilts can drive fun...

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...