FFC: High Leverage Limits Appeal, Despite Recent Interest Rate Cut [Seeking Alpha]
Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (FFC)
US:NYSE Investor Relations:
en.wikipedia.org/wiki/robert_j._flaherty
Company Research
Source: Seeking Alpha
FFC's recent performance improved after the Fed's rate cut, with a 9.35% total return over the past year including distributions. FFC trades at a 5.31% discount to NAV, more attractive than its five-year average, potentially justifying accumulation at current levels. Risks include aggressive leverage (37.4% of assets) and inconsistent dividend coverage due to thinner margins in a high-rate environment. Warchi/iStock via Getty Images Overview Income funds can be an efficient way to hedge your portfolio against the uncertainty of traditional equities, especially as indices continue to hover near all time highs. Flaherty & Crumrine Preferred Securities Income Fund ( This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for
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