NYSE Symbol | Fund | NAV | Market Price | Market Distribution Rate | Premium/ Discount | Overall Leverage | AccountID |
---|---|---|---|---|---|---|---|
PFD | PFD: Preferred and Income Fund | 12.52 | 12.01 | 5.94 | -4.1 | 36.2 | 161 |
PFO | PFO: Preferred and Income Opportunity Fund | 10.22 | 9.40 | 6.28 | -8.0 | 37.6 | 165 |
FFC | FFC: Preferred and Income Securities Fund | 17.41 | 16.40 | 6.56 | -5.8 | 37.4 | 201 |
FLC | FLC: Total Return Fund | 18.69 | 17.26 | 6.35 | -7.7 | 37.8 | 204 |
DFP | DFP: Dynamic Preferred and Income Fund | 22.49 | 21.26 | 6.33 | -5.5 | 37.4 | 226 |
Preferred and contingent capital securities offer investors attractive yields relative to fixed-income alternatives, subordinated exposure to well-known investment-grade issuers primarily in the financial services sector and a diversification benefit due to their low correlation to other asset types.
Distributions from dividends or interest income paid by preferred and income securities are typically paid monthly or quarterly. Like other investments, these distrubutions may be taken in cash or automatically reinvested.
The Funds’ shares trade on the New York Stock Exchange (NYSE) under the symbols found with the individual fund results on this site. As with any other companies listed on the NYSE, investors can purchase or sell shares of the Funds during normal business hours of the NYSE through a registered broker-dealer.
The funds are actively managed by Flaherty & Crumrine Incorporated — an independent, employee-controlled investment adviser founded in 1983 with offices in Pasadena, California and Summit, New Jersey. With eye on the long-term, it is committed to guiding the funds in the intricate preferred and income securities markets.
The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.
There can be no assurance that any closed-end fund will achieve its investment objective(s). Past performance does not guarantee future results. The value of any closed-end fund will fluctuate with the value of the underlying securities. Until the original listing of a closed-end fund on an exchange, no closed- end fund’s shares will have a history of public trading and, historically closed-end funds often trade at a discount to their net asset value.
Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. For more information, please contact your investment representative, Destra Capital Advisors LLC at 877.855.3434 (for questions related to DFP, FFC and FLC) or Flaherty & Crumrine Incorporated at 626.795.7300 (for questions related to PFD and PFO).
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