FLAHERTY & CRUMRINE PFD INCO

CUSIP: 33848E106 Class: CEF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (5)

AlphaCore Capital LLC
Value ($000) $127 Shares 13,400
GUGGENHEIM CAPITAL LLC
Value ($000) $232 Shares 24,542
WEBSTER BANK, N. A.
Value ($000) $28 Shares 3,000
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $142 Shares 15,075
Parallel Advisors, LLC
Value ($000) $6 Shares 685

Increased Positions (12)

MUSTICO FINANCIAL GROUP, INC.
Value ($000) $770 (+15.1%) Shares 81,339 (+6.3%)
1607 Capital Partners, LLC
Value ($000) $2,488 (+28.5%) Shares 263,244 (+32.5%)
Advisors Asset Management, Inc.
Value ($000) $2,927 (+218.5%) Shares 309,687 (+228.6%)
RIVERNORTH CAPITAL MANAGEMENT, LLC
Value ($000) $1,056 (+57.6%) Shares 111,745 (+62.6%)
SIT INVESTMENT ASSOCIATES INC
Value ($000) $13 (+2.6%) Shares 1,328,546 (+5.9%)
Fiera Capital Corp
Value ($000) $1,227 (+109.3%) Shares 129,862 (+115.9%)
TrueMark Investments, LLC
Value ($000) $668 (-0.3%) Shares 70,697 (+2.9%)
Pathstone Holdings, LLC
Value ($000) $3,209 (+4.4%) Shares 339,627 (+7.8%)
WELLS FARGO & COMPANY/MN
Value ($000) $444 (+2.8%) Shares 47,000 (+6.0%)
ROYAL BANK OF CANADA
Value ($000) $21 (+31.3%) Shares 2,182 (+36.4%)
Thomas J. Herzfeld Advisors, Inc.
Value ($000) $32 (+0.9%) Shares 3,345 (+4.1%)
West Branch Capital LLC
Value ($000) $22 (-1.6%) Shares 2,335 (+1.5%)

Decreased Positions (14)

Noble Wealth Management PBC
Value ($000) $901 (-7.6%) Shares 95,345 (-4.7%)
Basepoint Wealth LLC
Value ($000) $121 (-29.3%) Shares 12,850 (-27.1%)
MORGAN STANLEY
Value ($000) $855 (-23.2%) Shares 90,453 (-20.8%)
Cetera Investment Advisers
Value ($000) $111 (-40.1%) Shares 11,704 (-38.2%)
BANK OF AMERICA CORP /DE/
Value ($000) $148 (-22.0%) Shares 15,664 (-19.5%)
SRS Capital Advisors, Inc.
Value ($000) $462 (-6.9%) Shares 48,873 (-3.9%)
OSAIC HOLDINGS, INC.
Value ($000) $85 (-24.6%) Shares 8,988 (-25.0%)
D.A. DAVIDSON & CO.
Value ($000) $808 (-5.9%) Shares 85,496 (-2.9%)
LPL Financial LLC
Value ($000) $385 (-9.1%) Shares 40,739 (-6.2%)
NewEdge Advisors, LLC
Value ($000) $248 (-7.0%) Shares 26,272 (-4.0%)
Invesco Ltd.
Value ($000) $394 (-5.2%) Shares 41,671 (-2.2%)
UBS Group AG
Value ($000) $64 (-10.6%) Shares 6,759 (-7.7%)
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $105 (+94864.0%) Shares 11,154 (-1.8%)
Cambridge Investment Research Advisors, Inc.
Value ($000) $1 (-4.9%) Shares 63,117 (-1.9%)

Exited Positions (5)

Consolidated Portfolio Review Corp
Value ($000) $103 Shares 10,607
ENVESTNET ASSET MANAGEMENT INC
Value ($000) $1,429 Shares 146,589
Apella Capital, LLC
Value ($000) $146 Shares 15,066
HighTower Advisors, LLC
Value ($000) $147 Shares 15,052
Allworth Financial LP
Value ($000) $24 Shares 2,510