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Flaherty & Crumrine Preferred Securities Income Fund (FFC)

Specialty Equity Funds - Preferred Equity

Data as of March 15, 2024
Current
Market Price $14.67 (+ $0.01)
NAV (March 15, 2024) $16.25 (- $0.04)
Fund Listed NYSE
Premium / Discount -9.72% (+0.28%)
Fund Info
Inception Jan. 31, 2003
Sponsor Flaherty & Crumrine Incorporated
Website https://www.preferredi...
Phone 877-855-3434
NAV Symbol XFFCX
Location California
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: High current income; investment-grade preferred securities
Related Indexes
15 Major CEF Sectors Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Preferred Equity Index
Capital & Leverage
Outstanding Shares 48,177,896
Total Assets (Reported: Nov. 30, 2023) $1,236M
Estimated Total Assets $1,294M
Net Assets $783M
Market Cap $707M
Portfolio Turnover 9.00%
Total Leverage 39.50%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.95%
Non Lev Exp Ratio 0.96%
Rel Lev Cost 5.97%
Discount Data
Average Discount (3 Yr) -1.74%
Discount Low(3 Yr) -15.69%
Discount High(3 Yr) 13.46%
Discount Rel Range (3 Yr) 20.48%
Comp Discount -3.25
Discount St Dev (1Yr) 2.59
Z-Stat
Z-Stat (6mo) 0.94
Z-Stat (1Yr) 0.06
Z-Stat (3Yr) -1.13
Comp Z-Stat (6mo) 0.15
Comp Z-Stat (3Yr) -0.52
Distribution Data
Market Yield 6.85%
Income Yield 6.85%
Lev Adj NAV Yield 4.44%
Distribution Frequency M
Current Distribution $0.084
Current Income $0.084
Ex-Date 3/20/24
Payable Date 3/28/24
Div Growth (3yr) -35.04%
Dividend Change 2.8% on 1/19/24
Expected Div 4/18/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 100% 100%
ST Gains 0% 0%
QDI 83.6% 79.5%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $2,497
Avg Volume 30 day 172,900
Avg Volume 90 day 170,208
Volume Trend 1.58%
Comp Volume Trend 12.94%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
35.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
65.0%
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
81.0%
Most Correlated Peer (Mk Pr): FLC 89.0%
NAV - Price Correlation (30 d) 77.1%
NAV - Price Correlation (90 d) 88.2%
NAV - Price Correlation (1 Yr) 78.5%
Price St Dev (1Yr) 17.8%
NAV St Dev (1Yr) 9.5%
Earnings
Earnings / Share (11/30/23) $0.087
Earn Coverage 103.46%
Earnings Trend Up
UNII / Share (11/30/23) $0.008
Rel UNII 0.80
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.43
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.89
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index
1.00

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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