Flaherty & Crumrine Preferred Income Stock News

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

Everyone loves a regular distribution but nobody loves a cut, however small it may be. These cuts were extremely easy to predict considering the avalanche of challenges for PFO and PFD.

PFO spends a lot of time trading at a premium to its NAV; however, shares have fallen to a discount with the latest volatility. This seems an attractive time to invest in the fund if you are a longer-

DFP, PFD And FFC: Where Is My Free Lunch?

4 Closed-End Funds Bought To Finish Up The Year

Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is m

We review CEF market valuation and performance through the second week of December and highlight recent market action.

PFO is offered by Flaherty & Crumrine, one of the best fund sponsors in the preferred space by historical performance measurement.

PFO was a recent addition to my portfolio after a swap from FFC. PFO currently trades at a 4.24% premium, but this fund regularly trades at a premium.

A recovery in credit spreads and a drop in Treasury yields have buoyed the prices of preferred stocks and sector CEF NAVs. This has allowed preferred CEFs to increase borrowings this year which drives

FLC: Distribution Secure For Another Quarter, A Relative Value

PTA: Preferred Fund At An Attractive Valuation

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 Incorpor

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 Incorpor