Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC (FFC)
Flaherty & Crumrine Preferred Securities Income Fund Inc. is a closed-end balanced mutual fund, managed by Flaherty & Crumrine Incorporated and founded in the United States on May 23, 2002. Formerly operating as Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated, its investment strategy focuses on U.S. public equity and fixed-income markets. The fund aims to acquire securities from companies spanning various sectors, with a significant allocation to investment-grade preferred securities, specifically those classified as hybrid or taxable. Portfolio development is guided by rigorous quantitative analysis. Its performance is measured against industry benchmarks such as the Merrill Lynch 8% Capped DRD Preferred Stock Index, the Merrill Lynch Hybrid Preferred Securities Index, and the Merrill Lynch Adjustable Preferred Stock 7% Constrained Index.
Industry: Asset Management - Income
Flaherty & Crumrine Preferred Securities Income Fund Inc.
NYSE:FFCFinancial Services · Asset Management - Income
PrePre-market+0.73%$15.11
Close$15.000.00%AH$15.00+0.73%Now$15.11
Close$15.00+2.25%AH$15.00+0.73%since
Mkt Cap$722.67M
Float48.18M
O/S48.18M
Inst Own23.1%
Div Yield8.37%
Dilution
Financials Summary
Revenue$90.36M
Net Income$71.16M
Total Assets$1.35B
Free Cash Flow$52.12M
Debt & Equity
Debt 37%
Equity 63%
Total Debt$502M
Total Equity$849.34M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FFC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.35B
Liabilities$504.87M
Accounts Receivable$12.12M
Accounts Payable$2.16M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 |
| Revenue | $90.36M | $85.36M | $48.11M | $83.27M | $83.37M | $76.39M | $167.03M | -$40.38M | $147.76M | $86.4M | $82.07M | $83.17M | $84.61M | $86.9M |
| YoY Growth | 5.8% | 77.4% | -42.2% | -0.1% | 9.1% | -54.3% | -513.6% | -127.3% | 71.0% | 5.3% | -1.3% | -1.7% | -2.6% | - |
| Cost of Revenue | $7.06M | $7.16M | $6.61M | $11.07M | $4.34M | $6.97M | $6.97M | $7.04M | $7.05M | $6.84M | $0 | $0 | $0 | $0 |
| Gross Profit | $83.3M | $78.21M | $41.5M | $83.27M | $78.87M | $69.42M | $160.05M | -$47.42M | $140.71M | $79.56M | $82.07M | $83.17M | $84.61M | $86.9M |
| Gross Margin | 92.2% | 91.6% | 86.3% | 100.0% | 94.6% | 90.9% | 95.8% | 117.4% | 95.2% | 92.1% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $3 | -$1 | $2 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.81M | $2.05M | $7.1M | $1.16M | $1.22M | $1.14M | $1.2M | $1.11M | $1.24M | $1 | $7.45M | $7.37M | $7.41M | $7.78M |
| Other | -$16.16M | $5.61M | $0 | $6.5M | $711K | $6.29M | $659K | $663K | $677K | $43.73M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$14.35M | $7.66M | $7.1M | $7.66M | $1.94M | $7.42M | $1.86M | $1.77M | $1.91M | $27.26M | $41.91M | $59.87M | $31.93M | $120.98M |
| Operating Income (EBIT) | $97.65M | $184.05M | $36.15M | -$143.56M | $77.65M | $78.27M | $165.17M | -$29.88M | $154.68M | $75.37M | $74.62M | $75.8M | $77.2M | $79.12M |
| Operating Margin | 108.1% | 215.6% | 75.1% | -172.4% | 93.1% | 102.5% | 98.9% | 74.0% | 104.7% | 87.2% | 90.9% | 91.1% | 91.2% | 91.0% |
| Interest Expense | $26.49M | $31.21M | $29.42M | $11.07M | $4.34M | $6.88M | $14.15M | $12.28M | $8.84M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $62.2M | $60.35M | $52.97M | $50.35M | $45.23M | $42.72M | $44.03M | $43.21M | $41.03M | $6.09M | $4.47M | $4.24M | $4.4M | $4.76M |
| Other Income (Expense) | -$26.49M | -$31.21M | -$29.42M | -$11.07M | -$4.34M | -$6.88M | $0 | $7.04M | $74.96M | -$25.96M | -$38.93M | $63M | -$28.93M | $124M |
| Income Before Tax (EBT) | $71.16M | $152.84M | $6.73M | -$154.63M | $73.31M | $71.39M | $165.17M | -$42.15M | $145.84M | $49.41M | $35.69M | $138.8M | $48.27M | $203.12M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $154.68M | $0 | $0 | $0 | $0 | $0 |
| Net Income | $71.16M | $152.84M | $6.73M | -$154.63M | $73.31M | $71.39M | $165.17M | -$42.15M | $145.84M | $55.5M | $35.69M | $138.8M | $48.27M | $203.12M |
| Net Income Margin | 78.8% | 179.0% | 14.0% | -185.7% | 87.9% | 93.5% | 98.9% | 104.4% | 98.7% | 64.2% | 43.5% | 166.9% | 57.1% | 233.7% |
| Supplementary Data | ||||||||||||||
| EPS | 1.48 | 3.17 | 0.15 | -3.22 | 1.55 | 1.60 | 3.73 | -0.95 | 3.31 | 1.12 | 0.82 | 3.19 | 1.11 | 4.69 |
| Diluted EPS | 1.48 | 3.17 | 0.14 | -3.22 | 1.55 | 1.60 | 3.73 | -0.95 | 3.31 | 49116752.00 | 0.82 | 3.19 | 1.11 | 4.69 |
| Weighted Average OS | 48.08M | 48.18M | 44.83M | 48.09M | 47.30M | 44.61M | 44.28M | 44.25M | 44.06M | 49.41M | 43.68M | 43.55M | 43.47M | 43.29M |
| EBITDA | $97.65M | $184.05M | $78.41M | -$143.56M | $77.65M | $78.27M | $165.17M | -$79.07M | $145.84M | $75.37M | $74.62M | $75.8M | $77.2M | $0 |
| EBITDA Margin | 108.1% | 215.6% | 163.0% | -172.4% | 93.1% | 102.5% | 98.9% | 195.8% | 98.7% | 87.2% | 90.9% | 91.1% | 91.2% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.29M | -$16.41M | $0 | $0 | $0 | $47K |
| Short-Term Investments | $6.85M | $0 | $0 | $0 | $0 | $0 | $0 | $7.04M | $0 | $16.41M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6.85M | $0 | $0 | $0 | $0 | $0 | $0 | $7.04M | $1.29M | $16.41M | $0 | $0 | $0 | $47K |
| Accounts Receivable | $12.12M | $12.75M | $12.2M | $12.88M | $12.38M | $11.71M | $11.68M | $12.64M | $13.89M | $15.31M | $16.13M | $16M | $17.22M | $33.26M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.73M | $15.36M | $0 | $0 | $0 | $0 |
| Other Current Assets | -$6.85M | $0 | $0 | $0 | $0 | -$52K | -$52K | $0 | $0 | $0 | $59K | $0 | $0 | $49K |
| Total Current Assets | $12.19M | $12.82M | $12.53M | $13.22M | $12.71M | $11.71M | $11.68M | $12.64M | $15.18M | $15.36M | $16.19M | $16.06M | $17.28M | $33.35M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.34B | $1.33B | $1.22B | $1.27B | $1.47B | $1.36B | $1.35B | $1.24B | $1.34B | $481.47M | $199.49M | $154.99M | $476.93M | $469.01M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.34B | $0 | $0 | $0 | $0 | $0 | $0 | -$1.24B | -$1.34B | $753.53M | $1.05B | $1.12B | $728.31M | -$469.01M |
| Total Long-Term Assets | $1.34B | $1.33B | $1.22B | $1.27B | $1.47B | $1.36B | $1.35B | $1.24B | $1.34B | $1.23B | $1.25B | $1.28B | $1.21B | $469.01M |
| Other Assets | $0 | $0 | $0 | $332K | $339K | $52K | $52K | $62K | $31K | $0 | $0 | $0 | $0 | $748.81M |
| Total Assets | $1.35B | $1.34B | $1.24B | $1.28B | $1.48B | $1.37B | $1.36B | $1.25B | $1.35B | $1.25B | $1.27B | $1.29B | $1.22B | $1.25B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $2.16M | $6.37M | $2.85M | $2.18M | $784K | $766K | $1.31M | $3.52M | $3.68M | $0 | $0 | $0 | $0 | $16.21M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$600K | $0 | $0 | $0 | -$665K | -$680K | -$4.15M | -$4.35M | $446K | $401K | $348K | $356K | $1.18M |
| Total Current Liabilities | $2.16M | $6.37M | $2.85M | $2.18M | $784K | $766K | $1.31M | $4.53M | $4.77M | $1.17M | $1.17M | $1.09M | $1.09M | $17.38M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $502M | $502M | $502M | $502M | $502M | $449.57M | $449.57M | $449.57M | $449.57M | $434.38M | $434.38M | $426.38M | $424.18M | $412.48M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $708K | $634K | $0 | $669K | $0 | $0 | $0 | -$449.57M | -$449.57M | $0 | $0 | $0 | $0 | -$412.48M |
| Total Long-Term Liabilities | $502.71M | $502.63M | $502M | $502.67M | $502M | $449.57M | $449.57M | $449.57M | $449.57M | $434.38M | $434.38M | $426.38M | $424.18M | $412.48M |
| Other Liabilities | $0 | $0 | $653K | $0 | $760K | $701K | $713K | $741K | $780K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $504.87M | $509.01M | $505.5M | $504.85M | $503.54M | $451.04M | $451.6M | $454.85M | $455.13M | $435.55M | $435.54M | $427.47M | $425.27M | $429.86M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $241.32M | $196.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $482K | $482K | $482K | $481K | $473K | $446K | $444K | $443K | $442K | $439K | $437K | $436K | $435K | $433K |
| Retained Earnings | -$123.17M | -$138.48M | -$241.32M | -$196.69M | $24.46M | $21.01M | $13.69M | -$91.79M | $939K | $2.4M | -$196.45M | -$161.13M | -$227M | -$199.56M |
| Comprehensive Income & Other | $0 | $0 | -$241.32M | -$196.69M | $0 | $0 | $0 | $0 | $10.4M | -$145.21M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $972.03M | $972.04M | $972.12M | $970.66M | $956.05M | $895.51M | $891.32M | $888.78M | $898.35M | $811.98M | $1.03B | $1.03B | $1.02B | $1.02B |
| Total Equity | $849.34M | $834.04M | $731.28M | $774.45M | $980.98M | $916.97M | $905.46M | $797.43M | $899.73M | $814.81M | $831.72M | $864.64M | $797.25M | $821.31M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.35B | $1.34B | $1.24B | $1.28B | $1.48B | $1.37B | $1.36B | $1.25B | $1.35B | $1.25B | $1.27B | $1.29B | $1.22B | $1.25B |
| Supplementary Data | ||||||||||||||
| Total Debt | $502M | $502M | $502M | $502M | $502M | $449.57M | $449.57M | $449.57M | $449.57M | $434.38M | $434.38M | $426.38M | $424.18M | $0 |
| Net Debt | $502M | $502M | $502M | $502M | $502M | $449.57M | $449.57M | $449.57M | $448.29M | $450.79M | $434.38M | $426.38M | $424.18M | -$47K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 | 2013-11-30 | 2012-11-30 |
| Operating Activities | ||||||||||||||
| Net Income | $71.16M | $152.84M | $6.73M | -$154.63M | $73.31M | $71.39M | $165.17M | -$42.15M | $145.84M | $49.41M | $35.69M | $138.8M | $48.27M | $203.12M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $629K | -$552K | $687K | -$908K | -$271K | -$28K | $964K | $1.24M | $1.42M | $825K | -$134K | $1.22M | $16.04M | -$11.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $900K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$3.8M | $3.8M | $0 | $0 | $0 | $0 | -$4.15M | -$203K | $4.35M | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$216K | -$32K | $753K | $1.38M | -$210K | -$636K | $60K | -$71K | $76K | -$36K | $38K | -$18K | -$59K | $0 |
| Total Working Capital Change | -$3.39M | $3.22M | $1.44M | $472K | -$481K | -$664K | -$2.23M | $970K | $5.85M | $788K | -$96K | $1.2M | $15.98M | -$11.9M |
| Other Non-Cash Items | -$15.65M | -$105.97M | $41.82M | $205.73M | -$115.55M | -$10.92M | -$105.75M | $100.07M | -$104.65M | $21.26M | $24.96M | -$70.79M | -$3.62M | -$170.44M |
| Net Cash from Operating | $52.12M | $50.09M | $49.98M | $51.57M | -$42.73M | $59.8M | $57.19M | $58.88M | $47.05M | $72.28M | $60.56M | $69.21M | $60.63M | $32.68M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$218.64M | -$282.14M | -$107.03M | -$102.99M | -$263.28M | -$156.59M | -$217.75M | -$165.84M | -$289.58M | -$167.35M | $0 | $0 | $0 | $0 |
| Sales of Investments | $224.22M | $224.03M | $136.52M | $106.9M | $159.64M | $149.88M | $212.75M | $159.74M | $259.11M | $166.4M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $5.58M | -$58.11M | $29.49M | $3.91M | -$103.64M | -$6.72M | -$5M | -$6.1M | -$30.47M | $954K | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | -$52.42M | - | - | - | -$15.2M | - | -$8M | -$2.2M | -$11.7M | - |
| Common Stock Issuance | $0 | $0 | $1.11M | $11.41M | $55.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$55.98M | -$50.09M | -$51.09M | -$62.98M | -$64.86M | -$59.8M | -$57.19M | -$60.17M | -$60.96M | -$66.28M | -$68.56M | -$71.41M | -$67.54M | -$66.19M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $33.56M |
| Net Cash from Financing | -$55.98M | -$50.09M | -$49.98M | -$51.57M | $42.73M | -$59.8M | -$57.19M | -$60.17M | -$45.76M | -$66.28M | -$60.56M | -$69.21M | -$60.68M | -$32.63M |
| Forex Effect | -$1.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $29.49M | $3.91M | -$103.64M | -$6.72M | -$5M | -$7.39M | -$29.18M | $6.96M | $0 | $0 | -$47K | $47K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $52.12M | $50.09M | $49.98M | $51.57M | -$42.73M | $59.8M | $57.19M | $58.88M | $47.05M | $72.28M | $60.56M | $69.21M | $60.63M | $32.68M |
| Capital Expenditure | $0 | $0 | $0 | $4 | $0 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $52.12M | $50.09M | $49.98M | $51.57M | -$42.73M | $59.8M | $57.19M | $58.88M | $47.05M | $72.28M | $60.56M | $69.21M | $60.63M | $32.68M |
| Cash at Beginning | $0 | $0 | $3.91M | -$103.64M | -$6.72M | -$5M | -$6.1M | $1.29M | $30.47M | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $29.49M | $2.84M | -$103.64M | -$6.72M | -$5M | -$6.1M | $1.29M | $6.96M | $0 | $0 | -$47K | $47K |