Flaherty & Crumrine Preferred Income Stock News

We review CEF market valuation and performance through the second week of February and highlight recent market action. CEF price action was mixed, with higher-quality fixed-income sectors and interest

Key Decision Factors For CEF Allocation In Today's Market

We review CEF market valuation and performance through the fourth week of January and highlight recent market action. All sectors were up for the week, with MLPs and Preferreds leading the way. Invest

PFO is a Flaherty preferred CEF with top sector allocations in financials and a mix of investment-grade and sub-investment-grade securities. Flaherty preferred CEFs have struggled in a rate-hiking env

We review CEF market valuation and performance through the second week of January and highlight recent market action. Most CEF sectors were up on the week, with CMBS delivering the best return. Discou

Flaherty & Crumrine Preferred Income Opportunity Fund has a lower yield compared to its peers due to recent distribution cuts and high leverage. The PFO closed-end fund has performed well in recent mo

The CEF landscape is littered with corpses of funds that have disappointed investors. We highlight one such fund - the preferred Flaherty CEF PFO - which has underperformed the sector since 2022 and d

Flaherty & Crumrine Preferred Income Opportunity Fund's share price has declined by 20.17% over the past year, more than other income-focused assets. The PFO closed-end fund's price performance may co

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, PFO and HNW.

Preferred closed-end funds have been negatively impacted due to rising interest rates; then, the bank collapses pushed them down even further. When things are most negative, that can be the time when

We review CEF market valuation and performance through the last week of April and highlight recent market action. CEFs had a strong week to claw back some losses and finish April broadly flat.

Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferr

PFO is a closed end fund focused on preferred shares. The vehicle is overweight bank and insurance companies' preferred equities.

PFO, along with most preferred and income-focused funds, has faced significant pressure over the last year due to rising interest rates. For PFO, being an unhedged leveraged fund meant that the pain c

We review CEF market valuation and performance through the last week of September and highlight recent market action. September was the worst month for CEFs since March of 2020, with a double-digit dr