FFC

PFD, PFO, FFC, FLC and DFP Announce February, March and April Dividends

Retrieved on: 
Friday, January 19, 2024

An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.

Key Points: 
  • An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.
  • A distribution rate that is largely comprised of sources other than income may not be reflective of a fund’s performance.
  • FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation.
  • DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income.

PFD, PFO, FFC, FLC and DFP Announce December and January Dividends

Retrieved on: 
Monday, December 11, 2023

An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.

Key Points: 
  • An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.
  • A distribution rate that is largely comprised of sources other than income may not be reflective of a fund’s performance.
  • FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation.
  • DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income.

PFD, PFO, FFC, FLC and DFP Announce November Distributions

Retrieved on: 
Thursday, October 19, 2023

As in prior years, each fund expects to announce December and January distributions during the second week of December.

Key Points: 
  • As in prior years, each fund expects to announce December and January distributions during the second week of December.
  • FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation.
  • DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income.
  • PFD, PFO, FFC, FLC and DFP are managed by Flaherty & Crumrine Incorporated, an independent investment adviser which was founded in 1983 to specialize in the management of portfolios of preferred and related income-producing securities.

KBRA Releases Surveillance Report for Fidelity Financial Corporation

Retrieved on: 
Monday, August 7, 2023

On July 28, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Wichita, Kansas-based Fidelity Financial Corporation ("FFC", "Fidelity" or “the company”).

Key Points: 
  • On July 28, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Wichita, Kansas-based Fidelity Financial Corporation ("FFC", "Fidelity" or “the company”).
  • In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its subsidiary, Fidelity Bank, National Association (“the bank”).
  • The Outlook for all long-term ratings is Stable.
  • Click here to view the report.

Worldly Acquires Fair Factories Clearinghouse, Bolstering Worldly’s Social & Labor Capabilities

Retrieved on: 
Wednesday, August 2, 2023

Worldly , the planet’s most comprehensive Impact Intelligence platform, announced today that it has acquired the assets of Fair Factories Clearinghouse (FFC).

Key Points: 
  • Worldly , the planet’s most comprehensive Impact Intelligence platform, announced today that it has acquired the assets of Fair Factories Clearinghouse (FFC).
  • Its social and labor assessments complement the Higg Facility Social & Labor Module – also hosted on Worldly – providing factories, brands and retailers a more robust, integrated solution on Worldly’s ESG impact intelligence platform.
  • “We’re delighted to welcome FFC’s employees, customers and stakeholders to Worldly and to add FFC solutions to the Worldly platform.
  • Companies urgently need primary data to inform their social, labor and sustainability programs.

KBRA Affirms Ratings for Fidelity Financial Corporation

Retrieved on: 
Friday, July 28, 2023

KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Wichita, Kansas-based Fidelity Financial Corporation ("FFC", "Fidelity" or “the company”).

Key Points: 
  • KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Wichita, Kansas-based Fidelity Financial Corporation ("FFC", "Fidelity" or “the company”).
  • In addition, KBRA affirms the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its subsidiary, Fidelity Bank, National Association (“the bank”).
  • KBRA notes that double leverage of ~120% at 2Q23 is elevated and the company plans on reducing double leverage via retained earnings.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

PFD, PFO, FFC, FLC and DFP Announce August, September and October Dividends

Retrieved on: 
Wednesday, July 19, 2023

An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.

Key Points: 
  • An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.
  • A distribution rate that is largely comprised of sources other than income may not be reflective of a fund’s performance.
  • FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation.
  • DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income.

Kyocera Introduces One-Action-Lock FPC/FFC Connectors

Retrieved on: 
Monday, July 17, 2023

In principle, the essential features of one-action lock-type connectors include labor savings through the automation of FPC/FFC insertion.

Key Points: 
  • In principle, the essential features of one-action lock-type connectors include labor savings through the automation of FPC/FFC insertion.
  • Kyocera’s newly developed 6893 series has a proprietary contact-pin structure with twice the foreign-matter removal effectiveness of conventional Kyocera products.
  • Kyocera will continue to expand its connector line, including FPC/FFC connectors, and will contribute to the electronics industry by creating products for rapidly changing market needs.
  • In conventional FPC/FFC connectors, the pin and the FPC/FFC make contact at a single point during insertion to remove foreign matter adhering to the FPC/FFC.

DCI and DataVisor Team Up to Help Banks Fight Fraud

Retrieved on: 
Thursday, May 11, 2023

To help banks detect and mitigate fraud proactively, DCI (Data Center Inc.) – the privately-owned developer of core processing, digital banking, and Fintech processing solutions – has partnered with DataVisor – the only comprehensive, real-time fraud and risk management platform that harnesses sophisticated AI and modern machine learning to prevent against evolving fraud threats.

Key Points: 
  • To help banks detect and mitigate fraud proactively, DCI (Data Center Inc.) – the privately-owned developer of core processing, digital banking, and Fintech processing solutions – has partnered with DataVisor – the only comprehensive, real-time fraud and risk management platform that harnesses sophisticated AI and modern machine learning to prevent against evolving fraud threats.
  • Currently, it is mandatory for all banks using RTP applications to have a fraud solution, and DCI requires all Fintechs utilizing their core to have fraud protection as well.
  • "We've invested in fraud management to help our banks minimize their risks, as they continue to expand their mobile and digital offerings."
  • As part of DCI's investment in helping community banks fight fraud, this new department works with DataVisor, who provides 24/7 fraud detection and mitigation support for DCI customers.

PFD, PFO, FFC, FLC and DFP Announce May, June and July Dividends

Retrieved on: 
Thursday, April 20, 2023

An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.

Key Points: 
  • An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.
  • A distribution rate that is largely comprised of sources other than income may not be reflective of a fund’s performance.
  • FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation.
  • DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income.