Stolper Co Purchases New Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Stolper Co acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,320 shares of the financial services provider’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FFC. Raymond James Financial Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.3% during the first quarter. Raymond James Financial Inc. now owns 205,165 shares of the financial services provider’s stock valued at $3,268,000 after buying an additional 4,578 shares during the last quarter. Comerica Bank raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 70.0% in the 1st quarter. Comerica Bank now owns 8,615 shares of the financial services provider’s stock valued at $137,000 after buying an additional 3,548 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 2.9% during the 1st quarter. Baird Financial Group Inc. now owns 144,283 shares of the financial services provider’s stock valued at $2,298,000 after acquiring an additional 4,104 shares in the last quarter. Titleist Asset Management LLC boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 7.7% during the 1st quarter. Titleist Asset Management LLC now owns 25,277 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 1,810 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 4.5% during the 1st quarter. Royal Bank of Canada now owns 163,821 shares of the financial services provider’s stock worth $2,609,000 after acquiring an additional 7,121 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.1%

NYSE FFC opened at $16.60 on Friday. The company has a fifty day moving average price of $16.65 and a 200-day moving average price of $16.47. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $14.20 and a 1 year high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be given a $0.1005 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, January 23rd.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.