Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC

FFC is a closed-end investment fund incorporated in Maryland and headquartered in Pasadena, California. Launched and managed by Flaherty & Crumrine Incorporated, the fund operates as a diversified balanced mutual fund that invests across U.S. public equity and fixed income markets. The fund's primary focus is on investment-grade preferred securities, including hybrid and taxable preferred stocks, selected through quantitative analysis. Portfolio construction follows benchmark exposure relative to the Merrill Lynch 8% Capped DRD Preferred Stock Index, Merrill Lynch Hybrid Preferred Securities Index, and Merrill Lynch Adjustable Preferred Stock 7% Constrained Index.

The fund generates revenue through management fees charged on its assets under management. As a closed-end fund structure, it maintains a fixed capital pool rather than continuously issuing or redeeming shares. The investment strategy targets securities from companies across diversified sectors within the United States. The fund was originally established in May 2002 and operates under the ticker FFC on the New York Stock Exchange with approximately $0.8 billion in market capitalization.