Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
5.50% -14.23% 122.27M 30956.23
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
6.89% 10.00% -- Upgrade

Basic Info

Investment Strategy
The Fund’s investment objective is to provide its common shareholders with high current income consistent with preservation of capital.Under normal market conditions, the Fund invests at least 80% of its Managed Assets (defined below) in a portfolio of preferred and other income-producing securities.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Income
Fund Owner Firm Name Flaherty & Crumrine
Prospectus Benchmark Index
ICE BofA P8JC TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
R. Eric Chadwick 32.15 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of April 18, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Loading chart...
Name
2017
2018
2019
2020
2021
2022
2023
YTD
13.98%
-4.19%
24.92%
14.19%
3.58%
-27.24%
-0.56%
2.42%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-3.23%
17.00%
-14.13%
38.66%
14.21%
2.81%
-25.08%
-0.82%
2.05%
10.70%
-17.19%
43.42%
29.78%
-2.04%
-31.89%
-4.86%
1.93%
16.64%
-11.88%
38.77%
16.02%
-0.83%
-25.16%
-0.24%
2.25%
20.75%
-17.55%
40.76%
16.93%
2.20%
-26.27%
2.12%
3.21%
As of April 18, 2024.

Asset Allocation

As of November 30, 2023.
Type % Net % Long % Short
Cash 3.37% Upgrade Upgrade
Stock 0.65% Upgrade Upgrade
Bond 32.21% Upgrade Upgrade
Convertible 3.64% Upgrade Upgrade
Preferred 59.40% Upgrade Upgrade
Other 0.73% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund’s investment objective is to provide its common shareholders with high current income consistent with preservation of capital.Under normal market conditions, the Fund invests at least 80% of its Managed Assets (defined below) in a portfolio of preferred and other income-producing securities.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Income
Fund Owner Firm Name Flaherty & Crumrine
Prospectus Benchmark Index
ICE BofA P8JC TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
R. Eric Chadwick 32.15 yrs

Top Portfolio Holders

0 of 0