Flaherty & Crumrine Funds Announce Year-End Distributions
The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC), and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) have made an exciting announcement regarding dividends for December and January. Each of these funds will provide its shareholders with a special year-end distribution this month.
Details of the Dividends and Distributions
All five funds have outlined their upcoming dividends as well as a special year-end distribution. Below, you will find the specifics for each fund including the amounts designated for December 2024 and January 2025.
Dividend Breakdown
Here’s a detailed look into the distributions per share for PFD, PFO, FFC, FLC, and DFP:
| Fund | Special Year-End | December | January |
|---|---|---|---|
| PFD | $0.0300 | $0.0610 | $0.0610 |
| PFO | $0.0330 | $0.0505 | $0.0505 |
| FFC | $0.0325 | $0.0920 | $0.0920 |
| FLC | $0.0343 | $0.0937 | $0.0937 |
| DFP | $0.0320 | $0.1151 | $0.1151 |
Important Dates to Remember
Additionally, for shareholders of these funds, here are crucial dates related to the dividends:
- Payment Dates: December 31, 2024 for PFD and PFO; January 31, 2025 for FLC and DFP.
- Record Dates: December 23, 2024 for PFD and PFO; January 24, 2025 for FLC and DFP.
Fiscal Year Insights
Each fund concluded its fiscal year on November 30, 2024. The tax classification of all distributions for 2024 will be accessed early in the following year. This is vital for shareholders when planning their taxes.
Understanding Distribution Sources
Investors should be aware that a part of the distribution may originate from capital rather than income. Specific information regarding the sources will be available in the funds' Section 19(a)-1 letters. These will be easily accessible under the “SEC Filings and News” section of the funds' official website.
Investment Strategies of Flaherty & Crumrine Funds
It is essential for investors considering these funds to note their specific investment strategies. PFD, PFO, and FFC mainly invest in preferred and income-generating securities, focusing on high current income while preserving capital. FLC shares a similar goal but aims for capital appreciation as its secondary objective. On the other hand, DFP targets total returns with a strong emphasis on high current income.
Who Manages These Funds?
All these funds are expertly managed by Flaherty & Crumrine Incorporated, an independent investment adviser with a rich history since its founding in 1983, specializing in managing preferred and related income-producing securities.
Frequently Asked Questions
What are the declared year-end distributions for the Flaherty & Crumrine funds?
The funds PFD, PFO, FFC, FLC, and DFP have announced special year-end distributions alongside dividends for December 2024 and January 2025.
When will these distributions be paid?
Payments will be made on December 31, 2024, and January 31, 2025, depending on the respective fund.
How can I find the tax classification of the distributions?
The tax breakdown for the 2024 distributions will be readily available on the funds' website early in 2025.
What is the focus of the Flaherty & Crumrine funds?
The funds primarily target high current income and capital preservation through investments in preferred and income-generating securities.
Who oversees the management of these investment funds?
Flaherty & Crumrine Incorporated, established in 1983, serves as the independent investment adviser managing these funds.
