
Preferred Securities
PFO: Rate Pressures Present Better Entry Price For This Fund
Flaherty & Crumrine Preferred and Income Opportunity Fund faces pressure from rising Treasury rates and high leverage, pushing its discount to nearly 12%. PFO's 8% distribution yield is attractive, but future trims are likely as borrowing costs rise and net investment income is p
Seeking Alpha · Oct 10 · 23:07 UTC ↗
PFO · Preferred Securities


