Flaherty & Crumrine Total Return Fund Inc. (FLC)
Flaherty & Crumrine Total Return Fund Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in Pasadena, CA, US. The stock last traded at $16.78, down 0.04% on the session, giving a market capitalisation of $175.5M. On trailing twelve-month figures it carries a trailing P/E of 9.38, a net margin of 87.3%. Its beta of 0.64 implies it has historically moved less than the broad market.
Flaherty & Crumrine Total Return Fund Inc. is a U.S.-domiciled, closed-end balanced mutual fund overseen by Flaherty & Crumrine Incorporated. Formed on August 26, 2003, and previously operating under the name Flaherty & Crumrine/Claymore Total Return Fund, Inc., its investment strategy encompasses both public equity and fixed-income markets within the United States. The fund specifically seeks out common stocks of companies active in the utility and banking industries. A substantial portion of its holdings consists of investment-grade preferred securities, alongside a variety of other income-generating debt instruments. To evaluate its performance, the fund benchmarks against both the Barclays Capital U.S. Aggregate Index and the S&P 500 Index.
Flaherty & Crumrine Total Return Fund Inc. is most often compared with the following Financial Services names: