Flaherty & Crumrine Preferred Securities Income Fund Inc.
FFC
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Donald Frasier Crumrine
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 301 East Colorado Boulevard Pasadena CA United States of America 91101
- IPO Date
- Jan 30, 2003
- CIK
- 0001174164
- Website
- flahertyfunds.com
- Similar Companies
- Business
- Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE: FFC) is a closed-end fund that provides high current income to its common shareholders consistent with preservation of capital. The fund, launched and managed by Flaherty & Crumrine Incorporated, invests primarily in a diversified portfolio of preferred and other income-producing securities, including investment-grade hybrid and taxable preferred securities; it allocates at least 80% of its managed assets to such securities under normal market conditions and maintains at least 25% exposure to the financials sector. The fund benchmarks its performance against preferred securities indices and employs quantitative analysis for portfolio construction with holdings across diversified sectors, predominantly in U.S. public equity and fixed income markets; target investors include income-focused individuals and institutions seeking yields with capital preservation. Founded on May 23, 2002, the fund is headquartered at 301 East Colorado Boulevard, Suite 800, Pasadena, California 91101, United States, with operations centered in the U.S. financial markets. It trades on the New York Stock Exchange and pursues a managed distribution policy, declaring monthly dividends such as those announced for August through October 2025, alongside special year-end distributions for December 2024 and January 2025 in coordination with affiliated Flaherty & Crumrine funds including PFD, PFO, FLC, and DFP.[stockanalysis.com] Recent developments include sustained dividend announcements throughout 2025, reflecting stable income generation amid interest rate sensitivity; the fund has navigated high leverage (around 39%) and financial sector concentration, with performance analyses highlighting vulnerability to rate changes but potential benefits from monetary easing and strong 2024 preferred securities returns.[web:stockanalysis.com] No major acquisitions, funding rounds, or strategic shifts were reported in the last 1-2 years, though portfolio adjustments continue in response to market dynamics like rate cut expectations.[web:stockanalysis.com]