Flaherty & Crumrine Preferred and Income Securities Fund Inc.: Business Overview, Financials & Competitive Analysis
Flaherty & Crumrine Preferred and Income Securities Fund Inc. scores 7/10 on the AskCyborg Cyborg Score (Solid). Income-focused closed-end fund leveraging preferred securities expertise to deliver tax-advantaged distributions with outperformance relative to preferred benchmarks. FFC demonstrates solid performance with a 9.4% NAV return and 13.0% market return in fiscal 2025, outperforming its preferred benchmark. The fund maintains strong asset coverage.
What is Flaherty & Crumrine Preferred and Income Securities Fund Inc.'s industry? Flaherty & Crumrine Preferred and Income Securities Fund Inc. (flahertyfunds.com) operates in Mutual Funds. AskCyborg classifies Flaherty & Crumrine Preferred and Income Securities Fund Inc. under Mutual Funds in its company registry.
FFC is a diversified, closed-end management investment company that seeks high current income consistent with preservation of capital by investing in preferred securities issued by U.S. and non-U.S. companies, includi...
Cyborg Score thesis
Income-focused closed-end fund leveraging preferred securities expertise to deliver tax-advantaged distributions with...
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Get Current Report FreeFlaherty & Crumrine Preferred and Income Securities Fund Inc. Overview
Pro stress-test →FFC is a diversified, closed-end management investment company that seeks high current income consistent with preservation of capital by investing in preferred securities issued by U.S. and non-U.S. companies, including traditional preferred stock, trust preferred securities and hybrid securities. The fund reported 9.4% NAV return and 13.0% market return in fiscal 2025, with $849M net assets and $502M leverage.
Strategic Profile
Pro stress-test →The portfolio remains focused on preferreds and contingent capital securities, heavily tilted to financials, insurance and utilities, with 75.8% in preferred/hybrid securities and 21.1% in contingent capital. At November 30, 2025, the market price discount to NAV was about 5.5%, the indicated yield on market price was 7.03%, and approximately 99.3% of 2025 distributions qualified as tax-advantaged qualified dividend income.
Competitive Landscape
Pro stress-test →FFC competes within the preferred securities closed-end fund market against other income-focused funds offering similar leverage, diversified preferred security portfolios, and monthly distributions. Direct competitors include other Flaherty & Crumrine managed funds (PFD, PFF) and competing preferred securities CEFs that target dividend investors seeking tax-advantaged income from financial, insurance, and utility preferred issuers.
Industry Context
Flaherty & Crumrine Preferred and Income Securities Fund Inc. operates in Mutual Funds.
Key facts
Founded: 2003 · Headquarters: Pasadena, US · Employees: Not disclosed · Revenue: $89.34M for fiscal year ended November 30, 2025 · Market cap: $849M (net assets as of November 30, 2025)