Sit Investment Associates Inc. Purchases 66,761 Shares of Flaherty & Crumrine Total Return Fund Inc. $FLC

Sit Investment Associates Inc. raised its stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,039,130 shares of the company’s stock after acquiring an additional 66,761 shares during the period. Sit Investment Associates Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $18,185,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FLC. Fiera Capital Corp bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth $585,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 57.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock worth $2,779,000 after purchasing an additional 57,626 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 29.0% during the third quarter. Advisors Asset Management Inc. now owns 236,457 shares of the company’s stock worth $4,214,000 after purchasing an additional 53,087 shares during the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $789,000. Finally, Ceera Investments LLC grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 19.6% during the fourth quarter. Ceera Investments LLC now owns 35,570 shares of the company’s stock worth $622,000 after purchasing an additional 5,840 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Trading Down 0.1%

Flaherty & Crumrine Total Return Fund stock opened at $16.72 on Friday. The business’s 50-day simple moving average is $16.94 and its 200 day simple moving average is $17.27. Flaherty & Crumrine Total Return Fund Inc. has a 12-month low of $15.89 and a 12-month high of $18.09.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.1047 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, July 24th.

Flaherty & Crumrine Total Return Fund Profile

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.