Advisors Asset Management Inc. Increases Holdings in Flaherty & Crumrine Total Return Fund Inc. $FLC

Advisors Asset Management Inc. grew its position in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 29.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,457 shares of the company’s stock after buying an additional 53,087 shares during the quarter. Advisors Asset Management Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $4,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Sowell Financial Services LLC increased its position in Flaherty & Crumrine Total Return Fund by 0.6% during the third quarter. Sowell Financial Services LLC now owns 209,609 shares of the company’s stock valued at $3,735,000 after acquiring an additional 1,228 shares during the last quarter. Invesco Ltd. grew its stake in shares of Flaherty & Crumrine Total Return Fund by 2.4% during the 2nd quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock valued at $2,475,000 after purchasing an additional 3,386 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Flaherty & Crumrine Total Return Fund by 30.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 101,158 shares of the company’s stock valued at $1,803,000 after purchasing an additional 23,780 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Flaherty & Crumrine Total Return Fund by 105.6% during the 2nd quarter. Baird Financial Group Inc. now owns 41,340 shares of the company’s stock valued at $703,000 after purchasing an additional 21,232 shares during the last quarter. Finally, Ceera Investments LLC lifted its stake in shares of Flaherty & Crumrine Total Return Fund by 28.3% in the 3rd quarter. Ceera Investments LLC now owns 29,730 shares of the company’s stock worth $530,000 after purchasing an additional 6,560 shares during the period.

Flaherty & Crumrine Total Return Fund Price Performance

FLC opened at $18.02 on Friday. The company’s 50 day moving average is $17.58 and its 200 day moving average is $17.51. Flaherty & Crumrine Total Return Fund Inc. has a 12-month low of $14.80 and a 12-month high of $18.08.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be paid a dividend of $0.1037 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Thursday, April 23rd.

About Flaherty & Crumrine Total Return Fund

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.