Flaherty & Crumrine Preferred & Income Fund
Sponsor: Flaherty & Crumrine · Inception Jan 25, 1991 · Pays monthly
Market priceShare price
$10.51
-0.10% ($-0.01)
NAVAsset value per share
$11.82
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
11.08% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
8.03%
regular, annualised · on NAV 7.14%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 16, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 16, 2026, 4:30 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending May 29, 2026, filed Jul 27, 2026. 269 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Debt | 69.38% | $175M |
| Equity (preferred) | 29.59% | $74.8M |
| Short-term investment vehicle | 1.03% | $2.6M |
| Equity (common) | 0.00% | $0 |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 72.90% | $184M |
| Canada | 7.47% | $18.9M |
| United Kingdom | 5.71% | $14.4M |
| France | 5.15% | $13M |
| Spain | 4.79% | $12.1M |
| Bermuda | 1.18% | $3M |
| Switzerland | 1.12% | $2.8M |
| Cayman Islands | 0.88% | $2.2M |
| Ireland | 0.57% | $1.4M |
| Netherlands | 0.22% | $565K |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 72.90% | $184M |
| Canada | 7.47% | $18.9M |
| Offshore domiciles | 2.06% | $5.2M |
| Developed Europe | 17.56% | $44.4M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 98.16% | $248M |
| Registered fund | 1.03% | $2.6M |
| U.S. GSE | 0.81% | $2M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 71.88% | $182M |
| Level 1 | 28.12% | $71.1M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.00% | $253M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 269 positions
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| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| NATWEST GROUP PLC | 639057AQ1 | Debt | CORP | United Kingdom | 230,000 | principal | $252K | 0.10% | 2 |
| COMPEER FINANCIAL ACA | 20453QAA0 | Debt | CORP | United States | 250,000 | principal | $247K | 0.10% | 2 |
| REINSURANCE GROUP OF AMERICA INC | 759351AT6 | Debt | CORP | United States | 240,000 | principal | $243K | 0.10% | 2 |
| LAND O'LAKES INC | 514666AM8 | Debt | CORP | United States | 260,000 | principal | $239K | 0.09% | 2 |
| UBS GROUP AG | 902613BE7 | Debt | CORP | Switzerland | 200,000 | principal | $231K | 0.09% | 2 |
| KEYCORP | 493267AK4 | Debt | CORP | United States | 220,000 | principal | $220K | 0.09% | 2 |
| CNO FINANCIAL GROUP INC | 12621E301 | Preferred | CORP | United States | 12,500 | shares | $219K | 0.09% | 1 |
| ARCH CAPITAL GROUP LTD | 03939A107 | Preferred | CORP | Bermuda | 10,500 | shares | $208K | 0.08% | 1 |
| WEBSTER FINANCIAL CORP | 947890703 | Preferred | CORP | United States | 8,494 | shares | $205K | 0.08% | 1 |
| CARLYLE FINANCE LLC | 14314C105 | Preferred | CORP | United States | 11,500 | shares | $190K | 0.08% | 1 |
| VALLEY NATIONAL BANCORP | 919794404 | Preferred | CORP | United States | 6,700 | shares | $176K | 0.07% | 1 |
| FULTON FINANCIAL CORP | 360271308 | Preferred | CORP | United States | 8,300 | shares | $152K | 0.06% | 1 |
| VISTRA CORP | 92840MAC6 | Debt | CORP | United States | 150,000 | principal | $151K | 0.06% | 2 |
| ANNALY CAPITAL MANAGEMENT INC | 035710870 | Preferred | CORP | United States | 3,440 | shares | $89.5K | 0.04% | 1 |
| ARBOR REALTY TRUST INC | 038923876 | Preferred | CORP | United States | 4,576 | shares | $75.1K | 0.03% | 1 |
| BANK OF NEW YORK MELLON CORP (THE) | 064058845 | Preferred | CORP | United States | 2,062 | shares | $53.1K | 0.02% | 1 |
| LEHMAN BROS HLDG-ESCROW | — | Equity | CORP | United States | 15,000 | shares | $0 | 0.00% | 2 |
| BALTA GROUP NV | 524ESC720 | Equity | CORP | United States | 25,000 | shares | $0 | 0.00% | 2 |
| LEHMAN BROS HLDG-ESCROW | 524ESC704 | Equity | CORP | United States | 19,500 | shares | $0 | 0.00% | 2 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| May 29, 2026 | Jul 27, 2026 | 269 | 100.0% | $253M | full |
| Nov 28, 2025 | Jan 23, 2026 | 262 | 100.0% | $252M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for Flaherty & Crumrine Preferred & Income Fund Inc. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.