Flaherty & Crumrine Preferred Income Fund Inc

Flaherty & Crumrine Preferred Income Fund, Inc. is a closed-end diversified investment company. It focuses on its investments in the financial sector such as bank, thrifts and mortgage finance, diversified financial services, finance, consumer finance, capital markets, asset management and custody, investment banking and brokerage, insurance, insurance brokers, and real estate investment trust industries. The funds investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. The company was founded on September 28, 1990 and is headquartered in Pasadena, CA.

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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 November Dividends

The Flaherty & Crumrine Preferred Income Fund has a much lower yield than its peers, but its overall performance over the past year has been admirable. The PFD closed-end fund's distribution has increased three times in the past year, outpacing inflation, and is almost fully covered by net investment income. The fund has substantial exposure to the banking sector, but this does not appear to be a considerable risk with interest rates coming down.

PFD: Things Are Looking Up, But This Fund's Current Yield Is Low

PFD, PFO, FFC, FLC and DFP Announce August, September and October Dividends

PFD, PFO, FFC, FLC and DFP Announce May, June and July Dividends

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We review CEF market valuation and performance through the fourth week of January and highlight recent market action. All sectors were up for the week, with MLPs and Preferreds leading the way. Investors should be wary in taking CEF total NAV returns at face value given various conventions and data issues.

CEF Weekly Review: Take Care With Total NAV Returns

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 de.

PFD, PFO, FFC, FLC and DFP Announce February, March and April Dividends

PFD, PFO, FFC, FLC and DFP Announce December and January Dividends

PFD, PFO, FFC, FLC and DFP Announce November Distributions

Flaherty & Crumrine Preferred Income Fund's yield is lower than some other fixed-income closed-end funds, but still offers a high level of current income. The PFD closed-end fund's share price has been negatively impacted by the rising interest rate environment, resulting in a significant decline in value. The fund is trading at a price below its intrinsic value, making it a potential opportunity for investors.

PFD: Could Be Oversold As This 6.90%-Yielding Fund Trades At A Huge Discount

We had suggested a trade for these two preferred CEFs from Flaherty and Crumrine. We examine where that stands today and update that recommendation.

PFD Vs. FLC: Outlook For Preferred CEFs

We review CEF market valuation and performance through the last week of April and highlight recent market action. CEFs had a strong week to claw back some losses and finish April broadly flat.

CEF Weekly Review: 'Best-Of-Breed' Designation Is Usually An Admission Of Ignorance

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Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.

Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire

Flaherty & Crumrine family has delivered strong risk adjusted returns for preferred shares. We examine two of their funds today and see where they stand relative to each other.

Battle Of The Preferred CEFs: Sell PFD, Buy FLC

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market. For these reasons, they are not suited for everyone.

5 Best CEFs To Buy This Month (November 2022)

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We review CEF market valuation and performance through the last week of September and highlight recent market action. September was the worst month for CEFs since March of 2020, with a double-digit drop for the broader CEF space.

CEF Weekly Review: Rising Leverage Costs Remain A Headwind For Some Funds

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 October and November Dividends

PFD, PFO, FFC, FLC and DFP Announce August and September Dividends

Everyone loves a regular distribution but nobody loves a cut, however small it may be. These cuts were extremely easy to predict considering the avalanche of challenges for PFO and PFD.

PFO And PFD: Preferred Share Funds Cut Distribution Again

When we last covered the Flaherty & Crumrine funds, we provided a free lunch. It was a simple but brilliant call that saved a lot of money.

DFP, PFD And FLC: Did You Enjoy Your Free Lunch?

Flaherty & Crumrine is an outfit that has produced some exceptional funds. We have covered two of their funds previously and now we look at a third.

DFP, PFD And FFC: Where Is My Free Lunch?

Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is mirroring the broader CEF spaces actions.

Closed-End Funds: A Check-Up On The Preferred Space

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We review CEF market valuation and performance through the second week of December and highlight recent market action.

CEF Weekly Market Review: Revisiting Resilient Core Themes

Flaherty & Crumrine Preferred and Income has had an interesting 12 months.

PFD: Preferred Share CEF Moves Back Into Sell Zone

We have had a bearish opinion on Flaherty & Crumrine Preferred Income.

PFD: How To Lose 4 Years Of Distributions In 6 Months

A recovery in credit spreads and a drop in Treasury yields have buoyed the prices of preferred stocks and sector CEF NAVs. This has allowed preferred CEFs to increase borrowings this year which drives higher income levels and strengthens distribution coverage.

News for Flaherty & Crumrine Preferred Income Fund Inc ETF (PFD)