Flaherty & Crumrine Preferred & Income Opportunity Fund
Sponsor: Flaherty & Crumrine · Inception Feb 6, 1992 · Pays monthly
Market priceShare price
$8.54
-0.81% ($-0.07)
NAVAsset value per share
$9.64
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
11.41% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
7.97%
regular, annualised · on NAV 7.06%
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, 10:41 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. 264 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 | 69.08% | $148M |
| Equity (preferred) | 29.63% | $63.6M |
| Short-term investment vehicle | 1.29% | $2.8M |
| Equity (common) | 0.00% | $0 |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 72.90% | $157M |
| Canada | 7.40% | $15.9M |
| United Kingdom | 5.69% | $12.2M |
| France | 5.67% | $12.2M |
| Spain | 4.77% | $10.2M |
| Bermuda | 1.27% | $2.7M |
| Cayman Islands | 0.94% | $2M |
| Ireland | 0.57% | $1.2M |
| Switzerland | 0.56% | $1.2M |
| Netherlands | 0.24% | $516K |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 72.90% | $157M |
| Canada | 7.40% | $15.9M |
| Offshore domiciles | 2.21% | $4.7M |
| Developed Europe | 17.50% | $37.6M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 97.88% | $210M |
| Registered fund | 1.29% | $2.8M |
| U.S. GSE | 0.83% | $1.8M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 71.82% | $154M |
| Level 1 | 28.18% | $60.5M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.00% | $215M |
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 264 positions
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| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| REINSURANCE GROUP OF AMERICA INC | 759351AT6 | Debt | CORP | United States | 205,000 | principal | $208K | 0.10% | 2 |
| AMERICAN ELECTRIC POWER COMPANY INC | 025537AU5 | Debt | CORP | United States | 200,000 | principal | $198K | 0.09% | 2 |
| CNO FINANCIAL GROUP INC | 12621E301 | Preferred | CORP | United States | 11,200 | shares | $196K | 0.09% | 1 |
| ARCH CAPITAL GROUP LTD | 03939A107 | Preferred | CORP | Bermuda | 9,900 | shares | $196K | 0.09% | 1 |
| KEYCORP | 493267AK4 | Debt | CORP | United States | 190,000 | principal | $190K | 0.09% | 2 |
| CARLYLE FINANCE LLC | 14314C105 | Preferred | CORP | United States | 10,600 | shares | $175K | 0.08% | 1 |
| VALLEY NATIONAL BANCORP | 919794404 | Preferred | CORP | United States | 5,700 | shares | $149K | 0.07% | 1 |
| FULTON FINANCIAL CORP | 360271308 | Preferred | CORP | United States | 7,700 | shares | $141K | 0.07% | 1 |
| VISTRA CORP | 92840MAC6 | Debt | CORP | United States | 130,000 | principal | $131K | 0.06% | 2 |
| ARBOR REALTY TRUST INC | 038923876 | Preferred | CORP | United States | 5,189 | shares | $85.2K | 0.04% | 1 |
| ANNALY CAPITAL MANAGEMENT INC | 035710870 | Preferred | CORP | United States | 3,110 | shares | $81K | 0.04% | 1 |
| LEHMAN BROS HLDG-ESCROW | — | Equity | CORP | United States | 45,800 | shares | $0 | 0.00% | 2 |
| LEHMAN BROS HLDG-ESCROW | 524ESC704 | Equity | CORP | United States | 9,500 | shares | $0 | 0.00% | 2 |
| BALTA GROUP NV | 524ESC720 | Equity | CORP | United States | 25,000 | 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 | 264 | 100.0% | $215M | full |
| Nov 28, 2025 | Jan 23, 2026 | 259 | 100.0% | $214M | 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 Opportunity 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.