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FFC is back in the portfolio as the opportunity presented itself as a swap from FLC. The fund currently trades at a premium, but this isn't unusual for these preferred funds. In the preferred fund space, Flaherty & Crumrine continually comes out on top as they offer a solid li...
A total of 6 funds added this month means it was a more active month of buying than the prior. Two of the funds, however, came as a result of swapping one for another for different opportunities. 4 funds make a new addition to my portfolio (EVG, GLQ, GLV and FFC), though FFC I've ...
In spite of the pandemic-induced crisis and correction last year and other challenges, the stock market has made a remarkable recovery, and a new bull market is clearly evident. Obviously, the big question is, where does it go from here, and is it a good time to invest? If you are...
CEF mergers have been running at a fast clip over the past year, likely in response to growing fund expenses as a proportion of portfolio yields. Combined with high premium valuations as well as a divergence in valuations, mergers present a risk for CEF shareholders due to the potenti...
When we last examined Flaherty & Crumrine Preferred and Income Securities, we highlighted the risk of paying such a high premium. The fund has, as expected, underperformed. We go over what comes next for this one. For further details see: FFC: Still Priced For Signif...
The preferred closed-end fund space seems expensive, PTA looks to be a value in the space. It has performed well against its peers, so a discount doesn't necessarily seem warranted if the fund traded around its peers' average. The yield for the fund is on the lower end, but due to...
Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (FFC) declares $0.1265/share monthly dividend, -1.9% decrease from prior dividend of $0.1290.Forward yield 6.43%Payable May 28; for shareholders of record May 21; ex-div May 20.Payable June 30; for shareholders of recor...
CEFs remain popular holdings for income investors due to their wide mandates and high distribution rates. We discuss why, in this market environment, it makes sense for income investors to diversify their exposure into individual senior securities as well as open-end funds. In par...
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 l...
The swift run-up in asset prices and CEF discounts suggests that easy gains from beta exposure are going to be harder to come by going forward. This dynamic points to alpha strategies as a way to keep total returns humming along. One such strategy - CEF rotations - involves rotati...
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2024-05-30 22:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-10 23:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-01 14:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...