PFD: Discounted Valuation Due To High Leverage

2025-06-27 05:26:51 ET

Overview

Flaherty & Crumrine Preferred Income Fund ( PFD ) operates as a closed end fund that aims to provide attractive total returns from its diverse portfolio of preferred securities. Preferred securities offer better dividend and price stability compared to traditional equities, and this makes the fund an attractive choice for investors that want to put a focus on income generation within their portfolio. The fund has an inception dating back to 1991, which indicates that we have over three decades worth of performance history to reference. A fund like PFD can serve as an efficient hedge against the volatility experienced from traditional equities....

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