FLAHERTY+CRUMRINE TOT.RET

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.» Mehr auf seekingalpha.com

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.» Mehr auf businesswire.com

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.» Mehr auf seekingalpha.com