PFD
Flaherty & Crumrine Preferred Income Fund Inc.11.73
+0.02+0.17%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
150.76MP/E (TTM)
10.47Basic EPS (TTM)
1.12Dividend Yield
0.06%Recent Filings
8-K
Fund name and policy shift
Flaherty & Crumrine Preferred Income Fund changed its name to Flaherty & Crumrine Preferred and Income Fund Incorporated, approved by the Board on April 23, 2019, effective July 5, 2019. This accompanies a shift in investment policy, broadening the 80% allocation from preferred securities to preferred and other income-producing securities based on Managed Assets. The revision, non-fundamental and changeable by the Board without shareholder vote, aims to enhance portfolio flexibility amid normal market conditions.
8-K
Fund updates preferred securities policy
Flaherty & Crumrine Preferred Income Fund is tightening its investment policy effective February 21, 2017, requiring 85% of managed assets at purchase to be investment grade or from investment grade issuers, up from the prior 75% focus. This shift adapts to post-2008 rating evolutions that have downgraded preferred securities despite issuer credit improvements, where only 62% now hold investment grade ratings versus 90% pre-crisis. The adviser can now buy lower-rated securities from non-investment grade issuers within a 15% cap, but plans no such moves. Ratings apply only at purchase; downgrades won't force sales.
8-K
Portfolio manager retires
8-K
Portfolio manager retires June 30
Flaherty & Crumrine Preferred Income Fund announced on June 4, 2015, that portfolio manager Robert M. Ettinger will retire and step down effective June 30, 2015. R. Eric Chadwick, Bradford S. Stone, and Donald Crumrine will remain as portfolio managers. The transition ensures continuity in the fund's management team.
8-K
Officer elections announced
On April 21, 2015, the boards of Flaherty & Crumrine Preferred Income Fund (PFD) and Preferred Income Opportunity Fund (PFO) elected R. Eric Chadwick as CEO and President, replacing Donald F. Crumrine as principal executive officer and Robert M. Ettinger as President; Chadwick, CFO since 2004, steps up while Crumrine remains Chairman. Bradford S. Stone, a vice president since 2003, succeeds Chadwick as CFO and vice president. Leadership continuity persists. All four executives keep managing portfolios.
IPO
Sector
Industry
DFP
Flaherty & Crumrine Dynamic Pre
20.80+0.02
FFC
Flaherty & Crumrine Preferred S
16.69+0.09
FLC
Flaherty & Crumrine Total Retur
17.38+0.04
FPF
First Trust Intermediate Durati
18.50+0.00
HPF
John Hancock Pfd Income Fund II
16.02-0.02
HPI
John Hancock Preferred Income F
16.47+0.03
PDT
John Hancock Premium Dividend F
12.58-0.02
PFO
Flaherty & Crumrine Preferred I
9.41-0.04
PSF
Cohen & Steers Select Preferred
20.22-0.08
PTA
240905
19.38+0.09