Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC)
Flaherty & Crumrine Preferred Securities Income Fund Inc. operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Pasadena, CA, US. The stock last traded at $15.12, up 0.20% on the session, giving a market capitalisation of $728.4M. On trailing twelve-month figures it carries a trailing P/E of 8.69, a net margin of 91.8%. Its beta of 0.77 implies it has historically moved less than the broad market.
Flaherty & Crumrine Preferred Securities Income Fund Inc. is a closed-end balanced mutual fund, managed by Flaherty & Crumrine Incorporated and founded in the United States on May 23, 2002. Formerly operating as Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated, its investment strategy focuses on U.S. public equity and fixed-income markets. The fund aims to acquire securities from companies spanning various sectors, with a significant allocation to investment-grade preferred securities, specifically those classified as hybrid or taxable. Portfolio development is guided by rigorous quantitative analysis. Its performance is measured against industry benchmarks such as the Merrill Lynch 8% Capped DRD Preferred Stock Index, the Merrill Lynch Hybrid Preferred Securities Index, and the Merrill Lynch Adjustable Preferred Stock 7% Constrained Index.
Flaherty & Crumrine Preferred Securities Income Fund Inc. is most often compared with the following Financial Services names: