This Fund May Be Your Best Call For Preferred Shares
- Preferred shares are a key asset class for an income portfolio.
- Leverage and interest-rate hedges can, in an able manager's hands, drive optimal performance from preferred shares.
- This closed-end fund, which holds primarily investment-grade securities, is currently bargain-priced, pays a 8.5% distribution, and has been a category leader in total performance for a decade.
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FFC vs. ETF Alternatives
It is a diversified management investment company that seeks a high current income with preservation of capital. It invests normally at least 80% of its total assets in preferred securities that are mainly hybrid or taxable preferred securities. At least 8
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