Flah&Crum Pref Securities Income (NYSE:FFC)
- Market Cap$1.037bn
- AIC sector-
- Manager GroupFlaherty & Crumrine
It is a diversified management investment company that seeks a high current income with preservation of capital. It invests normally at least 80% of its total assets in preferred securities that are mainly hybrid or taxable preferred securities. At least 80% of the preferred securities are investment grade quality. Up to 20% may be invested in securities rated below investment grade. It may also invest up to 20% of its assets in other debt securities and up to 15% in common stocks.