XPFDX

About XPFDX

Flaherty & Crumrine Preferred and Income Fund is a closed-end investment fund focused on generating high current income. The fund primarily invests in a diversified portfolio of preferred stocks and similar hybrid securities, including both adjustable and fixed-rate instruments that are fully taxable. Its holdings are mainly drawn from the banking and utility sectors, targeting companies known for regular dividend payments and financial stability. Managed by Flaherty & Crumrine, a firm with specialized expertise in preferred and contingent capital securities, the fund employs intensive credit research and quantitative analysis to identify compelling income opportunities. The portfolio typically consists of a blend of preferred securities, bonds, and convertible bonds, with a heavy emphasis on corporate issuers. By providing shareholders with exposure to preferred securities markets, the fund plays a significant role in meeting the needs of investors seeking steady income while balancing preservation of capital within the broader context of diversified income strategies.