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FFC - Flaherty & Crum...

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Flaherty & Crumrine Preferred Securities Income Fund Inc.

FFC

NYSE

Flaherty & Crumrine Preferred Securities Income Fund Inc. is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in investment grade preferred securities consisting of hybrid or taxable preferreds. It employs quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Merrill Lynch 8% Capped DRD Preferred Stock Index, Merrill Lynch Hybrid Preferred Securities Index, and Merrill Lynch Adjustable Preferred Stock 7% Constrained Index. It was formerly known as Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated. Flaherty & Crumrine Preferred Securities Income Fund Inc. was formed on May 23, 2002 and is domiciled in the United States.

15.44 USD

0.03 (0.194%)

Historical Prices

From:

To:

15.4115.4215.4415.4615.4815.4909:30 AM09:48 AM10:21 AM10:44 AM10:54 AM11:11 AM11:28 AM11:42 AM12:07 PM12:22 PM12:49 PM01:38 PM02:07 PM02:55 PM03:10 PM03:21 PM03:28 PM03:47 PM03:55 PM

About

ceo

Mr. Donald Frasier Crumrine CFA

sector

Financial Services

industry

Asset Management - Income

exchange

NYSE

Description

Flaherty & Crumrine Preferred Securities Income Fund Inc. is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in investment grade preferred securities consisting of hybrid or taxable preferreds. It employs quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Merrill Lynch 8% Capped DRD Preferred Stock Index, Merrill Lynch Hybrid Preferred Securities Index, and Merrill Lynch Adjustable Preferred St...

CIK

0001174164

ISIN

US3384781007

CUSIP

338478100

Address

301 East Colorado Boulevard

Phone

626-795-7300

Country

US

Employee

0

IPO Date

Jan 30, 2003

Financial Statement

-60M-30M030M60M90M2022 Q42023 Q22023 Q42024 Q22024 Q4RevenueNet Income

Earnings

-3-2-10122021 Q22021 Q42022 Q22022 Q42023 Q22023 Q42024 Q22024 Q4EPS Consensus

ffc Financial Summary

CIK

0001174164

Exchange

NYSE

Industry

Asset Management - I...

Sector

Financial Services

CUSIP

338478100

ISIN

US3384781007

Country

US

Price

15.44

Beta

0.81

Volume Avg.

120.65k

Market Cap

743.87M

Shares

-

52-Week

14.2-16.74

DCF

2.03

ROE

-

ROA

-

Operating Margin

-

Debt/Equity

-

P/E

4.87

P/B

-

Website

https://www.flahertyfunds.com/funds/ffc-preferred-...

Upgrades and Downgrades

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Latest ffc News

seekingalpha.com

Apr 25, 2025

FFC: Relies On Interest Rate Cuts To Drive Growth

Flaherty & Crumrine Preferred Securities Income Fund offers a 7.3% dividend yield but is vulnerable to high interest rates, impacting its performance and NAV. FFC's portfolio is heavily concentrated in the financial sector and employs aggressive leverage, increasing risk in a high-interest-rate environment. The fund's price and NAV have declined significantly since 2022 due to rising interest rates, with future growth dependent on potential rate cuts.

businesswire.com

Apr 16, 2025

PFD, PFO, FFC, FLC and DFP Announce Dividends for May, June ...

PASADENA, Calif.--(BUSINESS WIRE)--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), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have d.

seekingalpha.com

Jan 16, 2025

FFC: Leveraged Preferred Equity CEF, 7% Yield

FFC's high leverage and reliance on short-term funding make it highly sensitive to Fed rate changes, limiting potential price gains unless rates drop significantly. The fund's strong performance in 2024 was driven by lower Fed Funds rates and a rally in bank preferred shares, showcasing effective security selection. Despite lower rates, FFC's persistent high leverage and funding profile suggest continued high discount to NAV, with significant downside risk in a risk-off event.

seekingalpha.com

Dec 30, 2024

Preferred Income CEFs: Five From Flaherty & Crumrine; Which ...

Preferred securities have shown strong performance in 2024, offering high yields and potential tax advantages, making them attractive for income-focused investors. Flaherty & Crumrine's CEFs, particularly DFP and FLC, provide compelling opportunities with yields around 7% and significant discounts to NAV. DFP, with a 9% five-year total return, and FLC, with a slightly higher recent return, are top picks for long-term total returns.

businesswire.com

Dec 11, 2024

PFD, PFO, FFC, FLC and DFP Announce Special Year-End Distrib...

PASADENA, Calif.--(BUSINESS WIRE)--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), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have d.

businesswire.com

Nov 8, 2024

KBRA Assigns Rating to Junior Subordinated Notes Issued by T...

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of "BBB-" with Stable outlook to the 9.25% fixed rate resetting junior subordinated notes due 2064 ("Notes") issued by The Fortegra Group, Inc. (TFG) and guaranteed on a junior subordinated basis by certain subsidiaries of TFG, including Fortegra Financial Corporation (FFC). The rating on the Notes is primarily dependent on the long term issuer credit rating of FFC (KBRA Rating: BBB/Stable) as a guarantor for the Notes and th...

businesswire.com

Oct 17, 2024

PFD, PFO, FFC, FLC and DFP Announce November Dividends

PASADENA, Calif.--(BUSINESS WIRE)--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), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have d.

forbes.com

Oct 14, 2024

3 High Yield Closed-End Funds Offer Big Discounts

“Buy bonds!” – Contrarian Outlook, 2H 2022

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