Flaherty & Crumrine Preferred Securities Income Fund (NYSE: FFC) is a closed-end management investment company that seeks to provide high current income by investing primarily in preferred securities. Established in 1990, the fund operates under the Investment Company Act of 1940 and is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred income strategies. The fund’s portfolio typically includes a diversified mix of U.S. and Canadian preferred stocks, trust-preferred securities, and structured hybrids issued by financial institutions and corporations.
The fund’s core investment process emphasizes credit quality, interest rate sensitivity, and liquidity. Portfolio managers perform in-depth fundamental credit analysis and sector research to identify securities offering attractive yield spreads relative to risk profiles. Geographic exposure is concentrated in developed markets, with occasional selective allocations to European or Asian issues when income opportunities arise. By maintaining a broadly diversified portfolio, FFC aims to mitigate sector- and issuer-specific risk while preserving the potential for attractive regular distributions.
Over its history, FFC has been recognized as one of the early adopters of a dedicated preferred securities income strategy. The fund’s team leverages decades of collective experience in fixed-income research, portfolio construction, and risk management. Based in Cincinnati, Ohio, the investment adviser draws on a global research network to monitor credit markets, regulatory developments, and macroeconomic trends that influence preferred-stock valuations and income potential.
Governance is overseen by an independent board of trustees, who work alongside a team of senior portfolio managers and analysts at Flaherty & Crumrine. Key leadership includes senior partners with specialized expertise in preferred securities and hybrid instruments. Together, they strive to deliver consistent income results for individual and institutional shareholders while adhering to rigorous compliance standards and transparent reporting practices.
AI Generated. May Contain Errors.
