Flaherty & Crumrine Total Return Fund : FLC Announces December 2020 and January 2021 Dividends
December 11, 2020 at 03:37 am
Share
PFD, PFO, FFC, FLC and DFP ANNOUNCE DECEMBER and JANUARY DIVIDENDS PASADENA, CALIFORNIA - December 10, 2020
The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD),
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty &
Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total
Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund
Incorporated (NYSE: DFP) today announced that they have declared per share dividends for December 2020 and January 2021. In addition, PFO announced a special year-end dividend to be paid this month. These dividends are detailed below:
Special Year-End
December
January
PFD
--
$0.0860
$0.0860
PFO
$0.02
$0.0680
$0.0680
FFC
--
$0.1290
$0.1290
FLC
--
$0.1320
$0.1320
DFP
--
$0.1650
$0.1650
Payment Date
December 31, 2020
December 31, 2020
January 29, 2021
Record Date
December 23, 2020
December 23, 2020
January 22, 2021
Ex-Dividend Date
December 22, 2020
December 22, 2020
January 21, 2021
Each fund's fiscal year ended on November 30, 2020. The tax breakdown of all 2020 distributions will be available early in 2021, but at this point each fund anticipates that each of its dividends detailed above, including the special year-end dividend, will consist of net investment income and not capital gains or return of capital.
Website: www.preferredincome.com
Past performance is not indicative of future performance. An investor should consider the fund's investment objective, risks, charges and expenses carefully before investing.
To the extent any portion of the distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19(a)-1 letter located under the "SEC Filings and News" section of the funds' website, www.preferredincome.com. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a fund's investment performance during the remainder of its fiscal year and may be subject to change based on tax regulations. A distribution rate that is largely comprised of sources other than income may not be reflective of a fund's performance.
PFD, PFO and FFC invest primarily in preferred and other- income producing securities with an investment objective of high current income consistent with preservation of capital. FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation. DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income. PFD, PFO, FFC, FLC and DFP are managed by Flaherty & Crumrine Incorporated, an independent investment adviser which was founded in 1983 to specialize in the management of portfolios of preferred and related income-producing securities.
Contact:
Flaherty & Crumrine Incorporated
Chad Conwell, 626-795-7300
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
Flaherty & Crumrine Total Return Fund Inc. published this content on 10 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 December 2020 03:36:04 UTC
Flaherty & Crumrine Total Return Fund Incorporated (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide its common shareholders with high current income. Its secondary investment objective is capital appreciation. The Fund invests at least 80% of its total assets in a diversified portfolio of preferred securities and other income-producing securities, consisting of various debt securities. It invests at least 25% of its total assets in the financial sector, which is comprised of the bank, thrifts and mortgage finance, diversified financial services, consumer finance, capital markets, asset management and custody, investment banking and brokerage, insurance, and real estate investment trust (REIT) industries. The Fund also focuses its investments in other sectors, such as energy, industrials, utilities, communications and pipelines. Flaherty & Crumrine Incorporated is the investment advisor of the Fund.