Flaherty & Crumrine Preferred Income Opp:PFO

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$13.54$12.409.19%
    52 Wk Avg$12.52$11.796.17%
    52 Wk High$14.12$12.4013.78%
    52 Wk Low$10.53$10.77-0.37%
    Regular Distribution TypeIncome Only
    Distribution Rate5.94%
    Distribution Amount$0.0670
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Current income to holders consistent with preservation of capital through investments in preferred securities and other income-producing securities.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$233.855M
    Total Common Assets:$159.155M
    Common Shares Outstanding:12,835,087
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $74.700M
    Regulatory Leverage (USD): $74.700M
    Effective Leverage (USD): $74.700M
    Effective Leverage (%): 31.94%
    Annual Expense Ratios

    As of 11/30/2020

      Per Common Share
    Management Fees0.84%
    Other Expenses:0.45%
    Baseline Expense: N/A
    Interest Expense:0.80%
    Total: 2.09%
    Fund Management

    Fund Sponsor
    Flaherty & Crumrine

    Portfolio Managers
    R. Eric Chadwick

    Basics
    Category: Fixed Income - Taxable-Preferreds
    Ticker: PFO
    NAV Ticker: XPFOX
    Average Daily Volume (shares): 20,065
    Average Daily Volume (USD): $0.251M
    Inception Date: 2/13/1992
    Inception Share Price: $12.50
    Inception NAV: $11.77
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    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 11/30/2020
    $0.4172
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.48%
    Total Return on NAV (12 months):
    As of 6/11/2021
    22.02%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    7.02%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    31.94%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month7.96%
    1 Year6.17%
    3 Year4.03%
    5 Year2.72%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.57
    6 Month0.52
    1 Year1.07
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD3.08%3.68%5.67%4.84%
    202014.53%8.72%4.66%3.39%
    201925.17%24.88%34.61%24.84%
    2018-4.09%-7.45%-10.75%-7.07%
    201714.21%16.20%15.74%14.49%
    201612.92%8.17%12.97%6.81%
    2015-0.03%3.52%7.23%5.58%
    201423.93%18.20%18.73%17.64%
    2013-1.94%3.32%-4.38%2.61%
    20129.82%29.29%20.08%24.89%
    201129.58%8.09%15.57%6.61%
    201025.11%25.78%21.80%22.34%
    200999.81%81.02%61.55%52.52%
    2008-45.31%-40.78%  
    2007-17.86%-16.62%  
    200619.29%8.08%  
    2005-11.93%3.62%  
    20041.14%7.46%  
    200326.49%26.95%  
    200212.05%2.37%  
    200123.80%15.82%  
    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 5/31/2021
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    7.02%
    Number of Holdings:
    As of 2/28/2021
    188
    Annual Portfolio Turnover:
    As of 11/30/2020
    12.00%
    Average Bond Price:
    As of 2/28/2021
    $117.37
    Asset Allocation

    As of 2/28/2021 reported by Fund Sponsor

    Top Sectors

    As of 2/28/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)98.78%
    Preferred Stock42.27%
    Corporate Bond37.35%
    Convertible19.16%
    Cash Equivalents0.43%
    Cash Equivalents (Super Sector)0.43%
    Top Holdings

    As of 2/28/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Provident Financing Trust I 7.4%$5.70M2.54%
    BNP Paribas 7.38%$5.40M2.40%
    Fifth Third Bancorp Deposit Shs Repr 1/1000th Non-Cum Perp Pfd Shs Series -$5.27M2.35%
    MetLife Inc. 9.25%$5.07M2.26%
    PNC Financial Services Group Inc Perpetual Preferred Share class-P$4.76M2.12%
    JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S-$4.61M2.05%
    MetLife Inc. 10.75%$4.56M2.03%
    New York Community Bancorp Inc Non-Cum Perp Pfd Shs Series -A-$4.51M2.01%
    Morgan Stanley Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -F-$4.12M1.83%
    QBE Insurance Group Limited 7.5%$4.08M1.82%
    Credit Quality

    As of 2/28/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 2/28/2021 reported by Fund Sponsor

    Country Allocation

    As of 2/28/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income26.85%
    Switzerland - Fixed Income1.54%
    France - Fixed Income1.39%
    United Kingdom - Fixed Income1.26%
    Canada - Fixed Income0.85%
    Netherlands - Fixed Income0.78%
    United States - Equity0.52%
    Mexico - Fixed Income0.48%
    Germany - Fixed Income0.18%

    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.

    NOTES:

    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.

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