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Flaherty & Crumrine Preferred S Message Board

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  • wheelbarrowme wheelbarrowme Sep 30, 2011 5:50 PM Flag

    FFC now yielding over 10%

    On May 31st, financials comprised 37% of FFC holdings. Concern about banks may be cause of today's price drop, but more likely due to larger than normal shares traded due to holders dumping above average number of shares today. The higher divided rate for FFC should cushion the price decline here since interest rates are so low into the medium term due to Fed policy. I buy more shares when the price drops. Would not be too concerned about FFC since so well diversified and holdings of troubled banks are fairly low amounts.

19.82-0.05(-0.25%)Feb 5 4:02 PMEST