FLC

Flaherty & Crumrine Total Return Fund

FLC

Market cap $187M

Overview Fund Activity

17.89 USD

+0.09

0.51%

At close Updated Sep 17, 4:00 PM EDT

1 day

0.51%

5 days

2.35%

1 month

4.19%

3 months

6.36%

6 months

6.49%

Year to date

6.55%

1 year

4.31%

5 years

-20.45%

10 years

-6.19%

About: Flaherty & Crumrine Total Return Fund Inc is a diversified, closed-end investment management company. Its investment objective is to provide its common shareholders with a high current income. The fund's secondary investment objective is capital appreciation.

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)

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

4% more funds holding

Funds holding: 45 [Q1] → 47 (+2) [Q2]

1% more capital invested

Capital invested by funds: $43.4M [Q1] → $43.8M (+$344K) [Q2]

0.04% less ownership

Funds ownership: 24.72% [Q1] → 24.68% (-0.04%) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Financial journalist opinion

FLC: Attractively Discounted In A Friendlier Environment For The Fund

FLC suffered during aggressive Fed rate hikes due to high leverage and lack of interest-rate hedges, but it now trades at an attractive discount. The fund's income-focused distribution is rising again as rates ease, with further increases likely if the Fed continues to cut rates. FLC's portfolio is heavily tilted toward financial sector preferreds, but it also includes significant diversification within the space and a focus on investment-grade holdings.

FLC: Attractively Discounted In A Friendlier Environment For The Fund

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

FLC: Discounted Valuation Could Present An Opportunity

FLC offers attractive income with a 6.8% yield and monthly distributions, appealing to income-focused investors seeking diversification through preferred securities and global exposure. The fund currently trades at an 8.15% discount to NAV, but aggressive leverage and high interest rates raise concerns about risk and future performance. Dividend sustainability is questionable due to declining net investment income and the potential for further cuts if interest rates stay elevated.

FLC: Discounted Valuation Could Present An Opportunity

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

FLC: A CEF That Actually Outperforms PFF Is Now Trading At A Discount

FLC is a closed-end fund with a focus on preferred stocks and hybrid securities, primarily in the banking and insurance sectors, offering a 6.11% annualized distribution rate. FLC trades at an 8.75% discount to NAV and has outperformed PFF despite being a leveraged vehicle, exploiting its structural advantage. The fund's portfolio includes OTC preferred stocks, which offer better pricing opportunities compared to exchange-traded ones, enhancing its performance through its expertise.

FLC: A CEF That Actually Outperforms PFF Is Now Trading At A Discount

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

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?

BME And FLC: There Are Still Pockets Of Opportunities

Closed-end funds have seen significant discount narrowing in 2024 across the board, as discounts have been cut in more than half on average. Despite record highs being hit regularly this year in the S&P 500, NASDAQ 100, and DJIA, opportunities still exist as not everything has been participating on the upside equally. Investors could consider funds like the BME and FLC, which may still offer attractive entry points despite the overall discount narrowing in the CEF space and elevated broader equity markets.

BME And FLC: There Are Still Pockets Of Opportunities

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

FLC: Fed Rate Cuts Are Not A Tailwind

The Flaherty & CrumrineTotal Return Fund's 6.50% yield is lower than its peers, making it less attractive for income-focused investors. The fund's performance has been inconsistent, with significant underperformance compared to peers over the past five years. Despite recent gains, the fund's future performance is uncertain due to potential inflation and limited upside from expected interest rate cuts.

FLC: Fed Rate Cuts Are Not A Tailwind

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