PFO
Flaherty & Crumrine Preferred and Income Opportunity FundPFO
PFO
About: Flaherty & Crumrine Prfd Income Oppo is the United States-based diversified, closed-end investment company. Its primary investment objective is to produce high current income consistent with the preservation of capital. The fund invests in a diversified portfolio of preferred securities which includes traditional preferred stocks eligible for the inter-corporate dividends received a deduction and fully taxable preferred securities.
0
Funds holding %
of 6,790 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
28% more capital invested
Capital invested by funds: $18.3M [Q2] → $23.4M (+$5.16M) [Q3]
2.6% more ownership
Funds ownership: 16.51% [Q2] → 19.11% (+2.6%) [Q3]
2% less funds holding
Funds holding: 47 [Q2] → 46 (-1) [Q3]
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
41% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 17
Research analyst outlook
We haven’t received any recent analyst ratings for PFO.
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
PFO: Discount Narrows, But Changing Environment Continues To Make Fund Attractive
The Flaherty & Crumrine Preferred Income Opportunity Fund provides exposure to preferred and income securities. PFO has seen its discount narrow dramatically since our last update, but with a changing interest rate environment, the fund can continue to do well. With lower borrowing costs as the Fed cuts rates, they can continue to see distribution boosts as NII increases.
Positive
Seeking Alpha
1 month ago
Preferred CEFs Are On Fire: PFO's Big 1-Year Return, 8% Discount
The Flaherty & Crumrine Preferred and Income Opportunity Fund has delivered a big return over the past year, outperforming the S&P 500. PFO's portfolio is heavily weighted in financial services, with significant holdings in banks, insurance, and utilities sectors. PFO's leverage and expense ratio are comparable to its peers, but it has the lowest five-year NAV return among them.
Neutral
Business Wire
1 month ago
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.
Neutral
Seeking Alpha
2 months ago
Ideas For Managing CEF Discount Volatility
Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make their CEF portfolios more resilient to take advantage of future draw-downs. These strategies include focusing on likely CEF distribution changes, seeking funds with wide discounts, considering term CEFs, and riding sidecar with CEF activists.
Positive
Seeking Alpha
2 months ago
Gauging Distribution Winners And Losers In The Next Rate Cycle
The Fed is expected to lower short-term rates soon, impacting distributions for investment vehicles like CEFs and BDCs. Investors should focus on both distribution paths and valuations of CEFs, as valuation changes can significantly affect portfolio wealth. BDCs, despite holding floating-rate assets, offer high dividend coverage and income diversification, making them attractive even in a rate-cutting cycle.
Positive
Seeking Alpha
4 months ago
CEF Weekly Review: Neuberger Berman Doesn't Want To Be Left Out
We review CEF market valuation and performance through the fourth week of July and highlight recent market action. The week was mixed for CEFs with a high level of volatility. Neuberger Berman hikes Muni CEF distribution by 43%.
Positive
Seeking Alpha
4 months ago
Opportunities In Income Securities That Have Lagged The Rally
Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.
Neutral
Business Wire
4 months ago
PFD, PFO, FFC, FLC and DFP Announce August, September and October 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.
Positive
Seeking Alpha
5 months ago
Current Alpha Opportunities In The CEF Space
With market valuations back to expensive levels, we are looking at a number of alpha strategies in the CEF space. These include interval and term funds, relative value as well as leaning against investor flows. We highlight a number of attractive funds such as RSF, PFO, BGH and others.
Positive
Seeking Alpha
7 months ago
PFO: Deeply Discounted Preferred Exposure
Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) is currently trading at a historically wide discount and provides exposure to preferred securities. The fund has adjusted its distribution in response to changes in interest rates, which had resulted in several distribution cuts over the last couple of years. PFO would work best in a lower-rate environment, but the latest payout increase shows signs of stabilization, and the significant discount makes it an appealing opportunity.
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