- FFC is running a bit overvalued at this time; however, it is the same for its peer funds as well.
- Preferred securities can be an excellent place to put some capital to work that is more conservative than equity securities.
- Interest rates can put on short-term pressures, over the longer run though, this will help normalize income down the road.
- For FFC, they also hold plenty of fixed-rate preferred that subsequently turns to floating (i.e. fixed-to-floating securities.).
For further details see:
FFC: Attractive 6.82% Distribution Yield From This Preferred Fund