Fiera Capital Corp Has $2.14 Million Stock Holdings in Flaherty & Crumrine Preferred Income Fund Inc. $PFD

Fiera Capital Corp raised its stake in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) by 80.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,838 shares of the real estate investment trust’s stock after purchasing an additional 80,344 shares during the quarter. Fiera Capital Corp’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $2,135,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Bancorp USA Inc. bought a new stake in shares of Flaherty & Crumrine Preferred Income Fund in the 3rd quarter valued at about $5,305,000. 1607 Capital Partners LLC acquired a new stake in Flaherty & Crumrine Preferred Income Fund during the 3rd quarter valued at $435,000. Calamos Advisors LLC boosted its position in Flaherty & Crumrine Preferred Income Fund by 32.1% during the fourth quarter. Calamos Advisors LLC now owns 69,159 shares of the real estate investment trust’s stock worth $821,000 after purchasing an additional 16,821 shares during the period. CreativeOne Wealth LLC raised its position in shares of Flaherty & Crumrine Preferred Income Fund by 154.9% in the third quarter. CreativeOne Wealth LLC now owns 26,000 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 15,800 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Flaherty & Crumrine Preferred Income Fund by 9.2% in the second quarter. Bank of America Corp DE now owns 154,578 shares of the real estate investment trust’s stock valued at $1,748,000 after purchasing an additional 13,033 shares during the period.

Flaherty & Crumrine Preferred Income Fund Stock Up 0.2%

Shares of PFD stock opened at $11.44 on Wednesday. Flaherty & Crumrine Preferred Income Fund Inc. has a 52 week low of $10.98 and a 52 week high of $12.16. The company has a 50-day simple moving average of $11.46 and a 200 day simple moving average of $11.66.

Flaherty & Crumrine Preferred Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be paid a dividend of $0.0689 per share. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

About Flaherty & Crumrine Preferred Income Fund

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.