The Flaherty & Crumrine Preferred and Income Securities Fund (NYSE:FFC) with $927 million in net assets is a closed-end-fund investing in preferred stocks and other income-focused securities. The fund utilizes a leveraged strategy to distribute a monthly dividend that currently yields 6.2%. We like this fund given its solid performance history along with some advantages to a peer group of comparable funds we discuss below. Indeed, our data shows that FFC is one of the best performing CEFs focused on preferred shares over the past decade. We view FFC as a quality fund