Flaherty & Crumrine Preferred and Income FundPFD
About: Flaherty & Crumrine Prefd Inc Fund Inc is a United States-based diversified, closed-end management investment company. Its investment objective is to provide its common shareholders with 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.
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
5% more capital invested
Capital invested by funds: $30.1M [Q4 2024] → $31.7M (+$1.61M) [Q1 2025]
2% more funds holding
Funds holding: 47 [Q4 2024] → 48 (+1) [Q1 2025]
1.38% more ownership
Funds ownership: 20.85% [Q4 2024] → 22.23% (+1.38%) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for PFD.
Financial journalist opinion








