FLC

Flaherty & Crumrine Total Return Fund Incorporated is a closed-end investment fund that primarily invests in a portfolio of preferred and other income-producing securities. The fund aims to provide high current income while preserving capital, focusing at least 80% of its managed assets in these securities, which include traditional preferred stock, subordinated debt, and hybrid securities. It allocates a minimum of 25% of its total assets to the financial sector, which encompasses various industries such as banking, insurance, and asset management. The fund operates mainly in the U.S. but may also invest in U.S. dollar-denominated securities from foreign companies.