This Managed Duration Preferred CEF Has An 8.3% Distribution At A 10% Discount
- The current weighted average duration of 4.32 offers some protection from interest rate risk.
- The distribution rate of 8.3% looks well covered and sustainable.
- The current discount of 10.36% offers an interesting investment opportunity.
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FPF vs. ETF Alternatives
The Fund seeks a high level of current income through investing in preferred and other income-producing securities. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in a portfolio of preferred and other income-produci
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