FFC: 6.2% Yield From Leading Preferred Stock CEF

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About: Flaherty&Crumrine/Claymore Preferred Securities Income Fund (FFC), Includes: PDT, PSF
by: BOOX Research
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BOOX Research
Contrarian, long/short equity
Summary

FFC is our top pick among preferred stock focused CEFs, given its segment-low expense ratio and the highest return on NAV in the past decade.

Fund pays a monthly distribution of $0.112 per share that currently yields 6.2%.

This article includes comparative returns data of other CEFs in the segment, including a market outlook.

The Flaherty & Crumrine Preferred and Income Securities Fund (NYSE:FFC) with $927 million in net assets is a closed-end-fund investing in preferred stocks and other income-focused securities. The fund utilizes a leveraged strategy