Flaherty & Crumrine Prefd Fund (Flaherty & Crumrine Prefd Fund) Scaled Net Operating Assets : 1.02 (As of Nov. 2023)

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What is Flaherty & Crumrine Prefd Fund Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Flaherty & Crumrine Prefd Fund's operating assets for the quarter that ended in Nov. 2023 was $232.66 Mil. Flaherty & Crumrine Prefd Fund's operating liabilities for the quarter that ended in Nov. 2023 was $0.75 Mil. Flaherty & Crumrine Prefd Fund's Total Assets for the quarter that ended in May. 2023 was $228.32 Mil. Therefore, Flaherty & Crumrine Prefd Fund's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 1.02.

Flaherty & Crumrine Prefd Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Flaherty & Crumrine Prefd Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Nov. 2023 )
=	(Operating Assets (A: Nov. 2023 )	-	Operating Liabilities (A: Nov. 2023 ))	/	Total Assets (A: Nov. 2022 )
=	(232.657	-	0.74600000000001)	/	238.324
=	0.97

where

	Operating Assets		(A: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	232.657	-	0
=	232.657

	Operating Liabilities		(A: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	91.846	-	91.1	-	0
=	0.74600000000001

Flaherty & Crumrine Prefd Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Nov. 2023 )
=	(Operating Assets (Q: Nov. 2023 )	-	Operating Liabilities (Q: Nov. 2023 ))	/	Total Assets (Q: May. 2023 )
=	(232.657	-	0.74600000000001)	/	228.322
=	1.02

where

	Operating Assets		(Q: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	232.657	-	0
=	232.657

	Operating Liabilities		(Q: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	91.846	-	91.1	-	0
=	0.74600000000001

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Flaherty & Crumrine Prefd Fund (Flaherty & Crumrine Prefd Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flaherty & Crumrine Prefd Inc Fund Inc (NYSE:PFD) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 E. Colorado Boulevard, Suite 800, Pasadena, CA, USA, 91101

Website

https://www.preferredincome.com

Flaherty & Crumrine Prefd Inc Fund Inc is a United States-based diversified, closed?end management investment company. Its investment objective is to provide its common shareholders with a high current income consistent with the preservation of capital. The fund invests primarily in a diversified portfolio of preferred securities which includes traditional preferred stocks eligible for the inter-corporate dividends received a deduction and fully taxable preferred securities.

Executives

Robert F Wulf	director	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Karen Hanovice Hogan	director	301 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Chad Conwell	officer: VP & Asst. Compliance Officer	301 E. COLORADO BLVD., SUITE 720, PASADENA CA 91101
Robert M Ettinger	officer: President	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Donald F Crumrine	director, officer: Chairman of the Board	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Robert E Chadwick	officer: CFO, VP, Secretary, Treasurer	301 E COLORADO BLVD STE 720, PASADENA CA 91101
Christopher Douglas Ryan	officer: Vice President	310 EAST COLORADO BLVD, SUITE 720, PASADENA CA 91101
Martin Brody	director	C/O HMK ASSOCIATES, 30 COLUMBIA TURNPIKE, FLORHAM PARK NJ 07932
Laurie C Lodolo	officer: Asst CCO, Asst Treas, Asst Sec	301 E. COLORADO BOULEVARD, SUITE 720, PASADENA CA 91101
David Gale	director	220 MONTGOMERY STREET, SUITE 426, SAN FRANCISCO CA 94104
Bradford S Stone	officer: Vice President, Asst Treasurer	47 MAPLE ST. SUITE 403, SUMMIT NJ 07901