PFO

Flaherty & Crumrine Preferred and Income Opportunity Fund

PFO

Market cap $127M

Overview Fund Activity

9.71 USD

+0.10

1.04%

At close Updated Sep 16, 1:19 PM EDT

1 day

1.04%

5 days

2.21%

1 month

4.63%

3 months

6.35%

6 months

5.77%

Year to date

6.94%

1 year

4.63%

5 years

-20.73%

10 years

-5.54%

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.

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)

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

1% more capital invested

Capital invested by funds: $28M [Q1] → $28.2M (+$200K) [Q2]

0.01% more ownership

Funds ownership: 23.31% [Q1] → 23.32% (+0.01%) [Q2]

0% more funds holding

Funds holding: 45 [Q1] → 45 (+0) [Q2]

See Fund Rankings

Financial journalist opinion

CEFs Are Becoming Less Appealing For Income Investors

The investment case for closed-end funds (CEFs) is weak now due to tight discounts, high leverage costs, and expensive underlying assets. Most CEFs do not deliver sustainable alpha, and lower-fee actively managed ETFs now offer similar exposures with better economics. We have reduced our CEF allocation, favoring alternatives like BDCs, select ETFs, preferreds, and bonds for better value and risk/reward.

CEFs Are Becoming Less Appealing For Income Investors

2 Closed-End Funds Generating Passive Monthly Income For Investors

Monthly-paying income investments can be attractive for retirees, but also for those still accumulating wealth, when reinvested for compounding income over time. Fixed-income focused closed-end funds can provide those attractive monthly distribution yields that income-focused investors are looking for. Today, we are looking at two funds that provide a monthly payout plus are trading at attractive discounts.

2 Closed-End Funds Generating Passive Monthly Income For Investors

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

PFO: Attractively Priced To Benefit From Interest Rate Cuts

I rate PFO a buy due to its attractive discount to NAV and a compelling 6.6% dividend yield for income-focused investors. PFO's performance is highly sensitive to interest rates; future rate cuts should act as a strong catalyst for price and NAV growth. The fund's heavy use of leverage and concentration in financials increase risk, but its diversified preferred securities portfolio offers stability.

PFO: Attractively Priced To Benefit From Interest Rate Cuts

What Recent CEF Distribution Cuts Mean, And Why I'm Not Concerned

Diversification across bonds, senior loans, and CLOs is key to managing interest rate and credit risks in fixed-income portfolios. Market timing is extremely difficult; a balanced mix of fixed and floating-rate assets provides resilience regardless of rate direction. Distribution cuts in floating-rate CEFs are expected as rates fall but should be weighed against opportunity cost and risk-adjusted returns.

What Recent CEF Distribution Cuts Mean, And Why I'm Not Concerned

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.

PFO: High U.S. Exposure And Low Yield Relative To Peers

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

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.

PFO: Preferred Exposure At An Attractive Discount

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.

CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains

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.

PFO: No Real Advantages Over Peers

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