PFO
Flaherty & Crumrine Preferred and Income Opportunity FundPFO
PFO
About: Flaherty & Crumrine Prfd Income Oppo is the United States-based diversified, closed-end management investment company. Its primary 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.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
5% more funds holding
Funds holding: 43 [Q4 2024] → 45 (+2) [Q1 2025]
5% more capital invested
Capital invested by funds: $26.7M [Q4 2024] → $28M (+$1.3M) [Q1 2025]
0.68% more ownership
Funds ownership: 22.62% [Q4 2024] → 23.31% (+0.68%) [Q1 2025]
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
Research analyst outlook
We haven’t received any recent analyst ratings for PFO.
Financial journalist opinion
Negative
Seeking Alpha
4 weeks ago
PFO: High U.S. Exposure And Low Yield Relative To Peers
PFO's yield and long-term total returns lag peers, offering little compensation for its higher leverage and risk profile. The fund's recent outperformance is likely due to its lower distribution, which minimizes net asset value destruction in a weak preferred market. PFO's high U.S. allocation is a disadvantage versus more global peers, especially amid concerns over U.S. banking and consumer debt.
Neutral
Business Wire
1 month ago
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.
Positive
Seeking Alpha
3 months ago
PFO: Preferred Exposure At An Attractive Discount
Flaherty & Crumrine Preferred Income Opportunity Fund trades at an attractive discount, benefiting from a more stable rate environment and benefiting from rate cuts. The fund's distribution yield is 6.59%, and recent Fed rate cuts have improved income generation, leading to an upward trajectory in distributions. PFO's portfolio is heavily invested in financial institutions with a tilt toward investment-grade quality and paying primarily qualified distributions.
Positive
Seeking Alpha
3 months ago
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.
Positive
Seeking Alpha
4 months ago
PFO: No Real Advantages Over Peers
The Flaherty & Crumrine Preferred Income Opportunity Fund offers a 6.62% yield, but it underperforms compared to its peers in both yield and total return. Despite recent gains, the fund's long-term performance and high expense ratio make it less attractive than other preferred stock funds. The fund has a portfolio that consists almost entirely of preferred stocks, which is a bit different than the portfolios of some of its peers.
Neutral
Business Wire
4 months ago
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.
Positive
Seeking Alpha
4 months ago
SPE And PFO: Two 'Buy' Opportunities Based On Attractive Discounts
Closed-end fund discounts/premiums, due to their structure, allow for potential opportunities to capitalize on mean reversion. CEFs also offer relatively higher distribution yields as they leverage their portfolios and payout sources of income, capital gains and/or return of capital. Today, we are giving SPE and PFO a look; these are two funds that, we believe, are attractively valued and provide monthly distribution to investors.
Positive
Seeking Alpha
5 months ago
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.
Neutral
Business Wire
6 months ago
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.
Positive
Seeking Alpha
7 months 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.
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