PFD News and Press, Flaherty & Crumrine Preferred Income Fund Incorporated From 05/28/23

2023-05-28 05:23:23 ET Summary We had suggested a trade for these two preferred CEFs from Flaherty and Crumrine. We examine where that stands today and update that recommendation. A look at the broader macro issues shows why the two are really struggling. We wrote ab...

2023-05-18 11:53:05 ET Summary 6 out of 22 CEF sectors positive on price and 10 out of 22 sectors positive on NAV last week. XFLT boosts distribution by +16.44%. Distribution level highest since inception in 2017. Author’s note: This article was released to CEF/...

2023-05-07 21:48:14 ET Summary Preferred closed-end funds have been negatively impacted due to rising interest rates; then, the bank collapses pushed them down even further. When things are most negative, that can be the time when there are the most opportunities for those that ca...

2023-05-06 03:59:06 ET Summary We review CEF market valuation and performance through the last week of April and highlight recent market action. CEFs had a strong week to claw back some losses and finish April broadly flat. Investors should be cautious when told a given fund i...

2023-04-21 10:38:20 ET Flaherty & Crumrine Preferred Income Fund ( NYSE: PFD ) declares $0.0575/share monthly dividend , -2.5% decrease from prior dividend of $0.0590. Forward yield 6.64% Payable May 31; for shareholders of record May 23; ex-div May 22. ...

2023-04-11 15:54:06 ET Summary Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling. A mixture of leverage and e...

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 ...

Flaherty&Crumrine Preferred Income Fund ( NYSE: PFD ) declares $0.059/share monthly dividend , -3.3% decrease from prior dividend of $0.061. Forward yield 5.64% Payable Feb. 28; for shareholders of record Feb. 21; ex-div Feb. 17. Payable Mar. 31; for shareholde...

Summary Flaherty & Crumrine family has delivered strong risk adjusted returns for preferred shares. We examine two of their funds today and see where they stand relative to each other. We also give you a trade that can annually perhaps add the equivalent of the underlying distri...

Flaherty&Crumrine Preferred Income Fund ( NYSE: PFD ) declares $0.061/share monthly dividend , in line with previous. Forward yield 6.32% Payable Dec. 30; for shareholders of record Dec. 22; ex-div Dec. 21. Payable Jan. 31; for shareholders of record Jan. 24; ex-di...