FLAHERTY+CRUM.PFD INC.OP.

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

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.» Mehr auf seekingalpha.com

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.» Mehr auf seekingalpha.com