CEF Advisors

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Flaherty & Crumrine Total Return Fund (FLC)

Specialty Equity Funds - Preferred Equity

Data as of April 13, 2021
Market Price $24.68 (- $0.16)
NAV (April 13, 2021) $22.40 (+ $0.05)
Premium / Discount 10.18% (-0.96%)
Fund Info
Inception Aug. 29, 2003
Sponsor Flaherty & Crumrine Incorporated
Website http://flahertyfunds.c...
Phone 877-855-3434
Location California
Incorporated Maryland
Staggered Board Yes
Objective: High current income; preferred securities and other income-producing securities
Related Indexes
Preferred Equity Index
Premium CEF/BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 10,042,803
Total Assets (Reported: Nov. 30, 2020) $328M
Estimated Total Assets $335M
Net Assets $225M
Market Cap $248M
Portfolio Turnover 12.00%
Total Leverage 32.80%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.05%
Non Lev Exp Ratio 1.24%
Rel Lev Cost 1.65%
Discount Data
Average Discount (3 Yr) -0.91%
Discount Low(3 Yr) -22.40%
Discount High(3 Yr) 11.14%
Discount Rel Range 97.13%
Comp Discount 4.66
Discount St Dev (1Yr) 2.86
Z-Stat (6mo) 1.99
Z-Stat (1Yr) 2.24
Z-Stat (3Yr) 2.07
Comp Z-Stat (6mo) 0.28
Comp Z-Stat (3Yr) 0.94
Distribution Data
Market Yield 6.42%
Income Yield 6.42%
Lev Adj NAV Yield 5.32%
Distribution Frequency M
Current Distribution $0.132
Current Income $0.132
Ex-Date 4/22/21
Payable Date 4/30/21
Div Growth (3yr) 10.92%
Dividend Change 9.1% on 7/22/20
Expected Div 4/22/21
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2019 2017 - 2019
Income 100% 100%
ST Gains 0% 0%
QDI 86.6% 81.3%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $516
Avg Volume 30 day 18,409
Avg Volume 90 day 20,912
Volume Trend -11.97%
Comp Volume Trend -6.67%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
Most Correlated Peer (Mk Pr): FFC 84.0%
NAV - Price Correlation (30 d) 85.2%
NAV - Price Correlation (90 d) 31.4%
NAV - Price Correlation (1 Yr) 97.0%
Price St Dev (1Yr) 18.8%
NAV St Dev (1Yr) 7.0%
Earnings / Share (11/30/20) $0.127
Earn Coverage 95.98%
Earnings Trend Down
UNII / Share (11/30/20) $0.042
Rel UNII 2.68
UNII Trend Up
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index


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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.

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