Flaherty & Crumrine Reports $8.09M Net Income Amid $19.78M Investment Loss

Reuters
07/30
Flaherty & Crumrine Reports $8.09M Net Income Amid $19.78M Investment Loss

Flaherty & Crumrine Preferred and Income Securities Fund Inc. has released its financial results, highlighting a net increase in net assets to common stock resulting from operations amounting to $8.09 million. The fund reported a net investment income of $27.87 million for the period. However, the results also showed a net realized and unrealized loss on investments totaling $19.78 million, primarily due to a change in unrealized appreciation/depreciation of investments, which accounted for a loss of $20.64 million. The results indicate a decrease in net asset value per share from $18.02 at the beginning of the year 2019 to $17.05 as of December 31, 2024. This period also saw fluctuations in the NYSE closing price, with a decrease from $17.10 in January 2025 to $16.68 in April 2025. The fund paid total dividends of $0.1245 in December 2024, with subsequent monthly dividend payments of $0.0920 through April 2025. There was a decrease in dividends payable to common stock shareholders amounting to $123,401 during the period. Interest paid during this period was reported at $13.44 million. No specific outlook or guidance was provided in the report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flaherty & Crumrine Preferred and Income Securities Fund Inc. published the original content used to generate this news brief on July 29, 2025, and is solely responsible for the information contained therein.

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