The Flaherty & Crumrine Preferred and Income Opportunity Fund ("PFO") is a closed-end, diversified investment company which invests at least 80% of its managed assets in a portfolio of preferred and other income-producing securities. It commenced investment operations in February, 1992 through an initial public offering of common stock. The Fund also uses financial leverage as a strategy to achive its investment objective. At March 1, 2021 there were 12,740,934 common shares outstanding.
PFO concentrates its investments in the financial services sector. Positions will vary from time to time, but normally financial services companies will each account for at least 25% of the Fund's portfolio. Naturally, the Fund will be significantly impacted by developments affecting these types of companies.
The investment objective of the Fund is high current income for holders of its common stock consistent with preservation of capital.
Company profile
Ticker
PFO
Exchange
Website
CEO
R. Eric Chadwick
Employees
Incorporated
Location
Fiscal year end
Former names
Flaherty & Crumrine PREFERRED INCOME OPPORTUNITY FUND INC, PREFERRED INCOME OPPORTUNITY FUND INC
SEC CIK
IRS number
954355600
PFO stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
4 Mar 24
N-CEN
Annual report (registered investment company)
8 Feb 24
N-CSR
Certified annual shareholder report (management investment company)
2 Feb 24
N-PX
Annual report of proxy voting record
17 Aug 23
N-CSRS
Certified semi-annual shareholder report (management investment company)
3 Aug 23
DEF 14A
Definitive proxy
2 Mar 23
N-CEN
Annual report (registered investment company)
6 Feb 23
N-CSR
Certified annual shareholder report (management investment company)
1 Feb 23
N-PX
Annual report of proxy voting record
10 Aug 22
N-CSRS
Certified semi-annual shareholder report (management investment company)
29 Jul 22
Latest ownership filings
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (Feb 2024 report)
24 Apr 24
3
NICHOLAS DALMASO
29 Jan 24
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (Nov 2023 report)
26 Jan 24
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (Aug 2023 report)
26 Oct 23
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (May 2023 report)
24 Jul 23
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (Feb 2023 report)
27 Apr 23
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (Nov 2022 report)
24 Jan 23
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (Aug 2022 report)
27 Oct 22
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (May 2022 report)
25 Jul 22
NPORT-P
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (Feb 2022 report)
28 Apr 22
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated | – | -9.19 | -1.70 | -4.77 | 195.03 mm | 221 | May 2023 |
Institutional ownership, Q2 2023
9.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 35 |
Opened positions | 6 |
Closed positions | 6 |
Increased positions | 12 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 8.84 bn |
Total shares | 1.20 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
D.a. Davidson & Co. | 197.48 k | $1.58 bn |
Private Advisor | 197.21 k | $1.58 bn |
MS Morgan Stanley | 96.21 k | $770.67 mm |
Summit X | 92.40 k | $740.16 mm |
Cambridge Investment Research Advisors | 83.47 k | $669.00 k |
Advisor | 55.93 k | $448.02 mm |
Consolidated Portfolio Review | 47.41 k | $379.73 mm |
LPL Financial | 41.81 k | $334.89 mm |
WFC Wells Fargo & Co. | 39.09 k | $313.08 mm |
IVZ Invesco | 36.82 k | $294.90 mm |