Flah&Crum Tot Return:FLC

    Manage Alerts


    As of 8/20/2019. NAV as of 8/16/2019.

    52 Wk Avg$19.08$20.12-5.38%
    52 Wk High$21.65$21.292.12%
    52 Wk Low$16.35$18.50-13.13%
    Regular Distribution TypeIncome Only
    Distribution Rate6.44%
    Distribution Amount$0.1150
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income with capital appreciation through investment in investment grade preferred securities and other income producing securities

    Capital Structure

    As of 8/20/2019

    Total Net Assets:$319.909M
    Total Common Assets:$212.009M
    Common Shares Outstanding:9,958,104

    As of 5/31/2019

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $108.000M
    Structural Leverage (USD): $108.000M
    Structural Leverage (%): 34.63%
    Effective Leverage (USD): $108.000M
    Effective Leverage (%): 34.63%
    Annual Expense Ratios

    As of 11/30/2018

      Per Common Share
    Management Fees0.83%
    Other Expenses:0.31%
    Baseline Expense: 1.14%
    Interest Expense:1.43%
    Total: 2.57%
    Fund Management

    Fund Sponsor
    Flaherty & Crumrine Incorporated

    Category: Taxable Income-Preferreds
    Ticker: FLC
    NAV Ticker: XFLCX
    Average Daily Volume (shares): 32,000
    Average Daily Volume (USD): $0.608M
    Inception Date: 8/29/2003
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports


    As of 8/20/2019

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 5/31/2019
    Annualized Distribution Rate on NAV:
    As of 8/20/2019
    Total Return on NAV (12 months):
    As of 8/20/2019
    Avg. UNII Per Share:
    As of 5/31/2018
    Total % Portfolio Effectively Leveraged:
    As of 8/20/2019

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 8/20/2019

    PeriodAvg Discount
    6 Month-2.90%
    1 Year-5.38%
    3 Year-2.88%
    5 Year-2.44%

    As of 8/21/2019

    3 Month1.30
    6 Month1.80
    1 Year1.80
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 8/20/2019
    Category: Preferreds Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 8/20/2019
    Category: Preferreds Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 5/31/2019
    Annual Portfolio Turnover:
    As of 11/30/2018
    Asset Allocation

    As of 2/28/2018 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2019 reported by Fund Sponsor

    Bank 58.35%
    Insurance 23.27%
    Utility 6.93%
    Energy 6.93%
    Miscellaneous 4.14%
    Finance 1.63%
    Communications 0.86%
    REIT 0.14%
    Top Holdings

    As of 8/31/2018 reported by Fund Sponsor

    HoldingValue% Portfolio
    Pnc Finl Svcs Grp Pfd 6.12 31 Dec 2049$9.82M3.14%
    Enbridge Engy Partners L P FRN$9.54M3.05%
    Fifth Third Bancorp Pfd 6.62$9.36M2.99%
    Bnp Paribas 144A 7.375% 7.38 31 Dec 2049$8.25M2.64%
    Liberty Mut Grp 144A FRN 7.80 15 Mar 2037$7.51M2.40%
    Metlife 144A FRN 9.25 08 Apr 2038$7.28M2.33%
    Jpmorgan Chase FRN 6.22 31 Dec 2049$7.06M2.25%
    New York Community Bancorp Inc Non-Cum P 6.38$6.56M2.10%
    Metlife FRN 10.75 01 Aug 2039$6.37M2.04%
    Citigroup Pfd 6.88$6.34M2.03%
    Qbe Ins Grp 144A FRN 7.50 24 Nov 2043$5.80M1.85%
    Credit Quality

    As of 2/28/2019 reported by Fund Sponsor

    Country Allocation

    As of 2/28/2019 reported by Fund Sponsor

    Country% Portfolio
    USA 72.20%
    UK 7.00%
    France 5.80%
    Bermuda 5.20%
    Australia 3.70%
    Canada 2.40%
    Switzerland 1.50%
    Netherlands 1.10%
    Spain 0.90%
    Mexico 0.20%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.


    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.