PFO News and Press, Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated From 11/20/23

2023-11-20 15:27:24 ET More on Flaherty&Crumrine Preferred Income Opportunity Fund PFO: On The Watchlist, Not In The Garbage Can PFO: Very Attractive Price, But I Am Not Impressed Dividend scorecard for Flaherty&Crumrine Preferred Income Opportunity Fund ...

The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD) , Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO) , Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC) , ...

2023-09-11 17:54:58 ET Summary Flaherty & Crumrine Preferred Income Fund's yield is lower than some other fixed-income closed-end funds, but still offers a high level of current income. The PFD closed-end fund's share price has been negatively impacted by the rising interest r...

2023-09-07 06:25:36 ET Summary The CEF landscape is littered with corpses of funds that have disappointed investors. We highlight one such fund - the preferred Flaherty CEF PFO - which has underperformed the sector since 2022 and delivered multiple distribution cuts. The reaso...

2023-08-29 18:49:04 ET Summary Flaherty & Crumrine Preferred Income Opportunity Fund's share price has declined by 20.17% over the past year, more than other income-focused assets. The PFO closed-end fund's price performance may continue to disappoint due to expectations of fu...

2023-08-10 10:58:53 ET Summary Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, PFO and HNW. "Quality" Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive...

2023-07-20 00:12:06 ET Flaherty & Crumrine Preferred Income Opportunity Fund ( NYSE: PFO ) declares $0.045/share monthly dividend , -4.3% decrease from prior dividend of $0.047. Forward yield 6.81% Payable Aug. 31; for shareholders of record Aug. 24; ex-div...

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...

2023-05-07 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...