FFC

Flaherty & Crumrine Preferred and Income Securities Fund

FFC

Market cap $803M

Overview Fund Activity

16.67 USD

+0.15

0.91%

At close Updated Sep 15, 4:00 PM EDT

1 day

0.91%

5 days

1.15%

1 month

2.84%

3 months

3.73%

6 months

4.19%

Year to date

5.84%

1 year

0.54%

5 years

-24.71%

10 years

-9.99%

About: Flaherty & Crumrine Preferred and Income Securities Fund Incorporated is a diversified, closed-end management investment company. The fund's investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests in a diversified portfolio of preferred securities.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

6% more capital invested

Capital invested by funds: $154M [Q1] → $163M (+$8.93M) [Q2]

0.66% more ownership

Funds ownership: 20.12% [Q1] → 20.78% (+0.66%) [Q2]

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

2% less funds holding

Funds holding: 113 [Q1] → 111 (-2) [Q2]

21% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 39

See Fund Rankings

Financial journalist opinion

PFD, PFO, FFC, FLC and DFP Announce Dividends for August, September and October

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.

PFD, PFO, FFC, FLC and DFP Announce Dividends for August, September and October

FFC: There Is No Compelling Reason To Buy This Fund Over Other Preferred CEFs

FFC's yield and total return lag behind peer-preferred CEFs, in direct contradiction to the fund's popularity. The fund's yield is barely above that of the domestic preferred stock index, so it offers little premium for the higher volatility. Recent outperformance versus the index may have been driven by foreign holdings benefiting from currency moves as the U.S. dollar continues its descent.

FFC: There Is No Compelling Reason To Buy This Fund Over Other Preferred CEFs

FFC: Checking-In On One Of Our CEF Holdings (Rating Downgrade)

FFC offers leveraged exposure to preferred equities, mainly financials, amplifying both upside and downside moves compared to vanilla ETFs like PFF. The fund is still undervalued relative to NAV, but discount volatility increases during risk-off events, creating tactical trading opportunities. Preferred equity prices are high and credit markets are ebullient, making the 6.8% distribution less attractive versus risk; we see more downside than upside near-term.

FFC: Checking-In On One Of Our CEF Holdings (Rating Downgrade)

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.

FFC: Relies On Interest Rate Cuts To Drive Growth

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

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.

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

PFD, PFO, FFC, FLC and DFP Announce February, March and April 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.

PFD, PFO, FFC, FLC and DFP Announce February, March and April Dividends

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.

FFC: Leveraged Preferred Equity CEF, 7% Yield

Preferred Income CEFs: Five From Flaherty & Crumrine; Which One Is Best?

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.

Preferred Income CEFs: Five From Flaherty & Crumrine; Which One Is Best?

PFD, PFO, FFC, FLC and DFP Announce Special Year-End Distributions and December and January 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.

PFD, PFO, FFC, FLC and DFP Announce Special Year-End Distributions and December and January Dividends

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.

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

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