NYSE : FLC
-$0.02 (-0.12%)
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FLC: Discounted Preferred And Hybrid Exposure Provide Monthly Pay
Flaherty & Crumrine Total Return Fund offers an attractive 8.8% discount and a 7.26% yield, but we've seen recent rate-driven pressures. FLC maintains a balanced portfolio with 50% BBB or higher credit quality, though with ~75% exposure to banks and insurance companies. Distribution cuts from unhedged leverage have rebounded as borrowing costs eased, but further payout growth may stall with paused Fed rate cuts. seekingalpha.com - 2026-04-30 11:42:06 |