0001752724-22-009961.txt : 20220121
0001752724-22-009961.hdr.sgml : 20220121
20220121132704
ACCESSION NUMBER: 0001752724-22-009961
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211130
FILED AS OF DATE: 20220121
PERIOD START: 20211130
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: FLAHERTY & CRUMRINE PREFERRED & INCOME FUND INC
CENTRAL INDEX KEY: 0000868578
IRS NUMBER: 954305694
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1130
FILING VALUES:
FORM TYPE: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-06179
FILM NUMBER: 22545262
BUSINESS ADDRESS:
STREET 1: 301 E COLORADO BLVD STE 800
STREET 2: C/O FLAHERTY & CRUMRINE INC
CITY: PASADENA
STATE: CA
ZIP: 91101
BUSINESS PHONE: (626) 795-7300
MAIL ADDRESS:
STREET 1: 301 E COLORADO BLVD STE 800
STREET 2: C/O FLAHERTY & CRUMRINE INC
CITY: PASADENA
STATE: CA
ZIP: 91101
FORMER COMPANY:
FORMER CONFORMED NAME: FLAHERTY & CRUMRINE PREFERRED INCOME FUND INC
DATE OF NAME CHANGE: 20050708
FORMER COMPANY:
FORMER CONFORMED NAME: PREFERRED INCOME FUND INC
DATE OF NAME CHANGE: 19920703
NPORT-P
1
primary_doc.xml
NPORT-P
false
0000868578
XXXXXXXX
Flaherty & Crumrine Preferred & Income Fund Inc
811-06179
0000868578
254900LXRIT34GQY5I69
301 East Colorado Boulevard
Suite 800
Pasadena
91101
626-795-7300
Flaherty & Crumrine Preferred and Income Fund Incorporated
254900LXRIT34GQY5I69
2021-11-30
2021-11-30
N
266718220.02
90543395.48
176174824.54
0.00000000
0.00000000
89300000.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
USD
N
UBS GROUP AG
549300SZJ9VS8SGXAN81
UBS Group AG
902613AD0
500000.00000000
PA
USD
490025.00000000
0.278147006122
Long
DBT
CORP
CH
N
2
N/A
Fixed
4.37500000
N
N
N
N
N
N
REGIONS FINANCIAL CORP
CW05CS5KW59QTC0DG824
Regions Financial Corp
7591EP506
27400.00000000
NS
USD
758774.50000000
0.430694057440
Long
EP
CORP
US
N
1
N
N
N
JPMORGAN CHASE & CO
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co
46625HJQ4
4715000.00000000
PA
USD
5065678.13000000
2.875370044060
Long
DBT
CORP
US
N
1
N/A
Fixed
6.75000000
N
N
N
N
N
N
MORGAN STANLEY
IGJSJL3JD5P30I6NJZ34
Morgan Stanley
61763E207
154665.00000000
NS
USD
4236026.89000000
2.404445073840
Long
EP
CORP
US
N
1
N
N
N
COBANK ACB
P0J8I7M2E0A77CKF1705
CoBank ACB
19075Q805
10000.00000000
NS
USD
1040000.00000000
0.590322710816
Long
EP
USGA
US
N
2
N
N
N
LLOYDS BANKING GROUP PLC
549300PPXHEU2JF0AM85
Lloyds Banking Group PLC
539439AU3
200000.00000000
PA
USD
227410.56000000
0.129082325237
Long
DBT
CORP
GB
N
2
N/A
Fixed
7.50000000
N
N
N
N
N
N
COMED FINANCING III
N/A
ComEd Financing III
20035AAA2
3127000.00000000
PA
USD
3771156.53000000
2.140576293943
Long
DBT
CORP
US
N
2
2033-03-15
Fixed
6.35000000
N
N
N
N
N
N
EQUITABLE HOLDINGS INC
549300FIBAKMNHPZ4009
Equitable Holdings Inc
29452EAA9
125000.00000000
PA
USD
130700.00000000
0.074187671445
Long
DBT
CORP
US
N
2
N/A
Fixed
4.95000000
N
N
N
N
N
N
BlackRock Liquidity Funds T-Fund
5493002L9DNZ83RX7V61
BlackRock Liquidity Funds T-Fund
09248U718
6040229.12000000
NS
USD
6040229.12000000
3.428542719296
Long
STIV
RF
US
N
1
N
N
N
FULTON FINANCIAL CORP
5493005QLZ6O1BNC0C11
Fulton Financial Corp
360271308
8300.00000000
NS
USD
214845.50000000
0.121950171121
Long
EP
CORP
US
N
1
N
N
N
ENERGY TRANSFER LP
MTLVN9N7JE8MIBIJ1H73
Energy Transfer LP
29273VAM2
670000.00000000
PA
USD
686415.00000000
0.389621503408
Long
DBT
CORP
US
N
2
N/A
Fixed
7.12500000
N
N
N
N
N
N
BANK OF AMERICA CORP
9DJT3UXIJIZJI4WXO774
Bank of America Corp
060505EU4
400000.00000000
PA
USD
451080.00000000
0.256041123456
Long
DBT
CORP
US
N
2
N/A
Fixed
6.30000000
N
N
N
N
N
N
MORGAN STANLEY
IGJSJL3JD5P30I6NJZ34
Morgan Stanley
61762V606
77800.00000000
NS
USD
2204852.00000000
1.251513663065
Long
EP
CORP
US
N
1
N
N
N
CREDIT SUISSE GROUP AG
549300506SI9CRFV9Z86
Credit Suisse Group AG
225401AK4
1100000.00000000
PA
USD
1204500.00000000
0.683695870363
Long
DBT
CORP
CH
N
2
N/A
Fixed
7.25000000
N
N
N
N
N
N
CREDIT SUISSE GROUP AG
549300506SI9CRFV9Z86
Credit Suisse Group AG
225401AJ7
800000.00000000
PA
USD
841800.00000000
0.477820824966
Long
DBT
CORP
CH
N
2
N/A
Fixed
7.50000000
N
N
N
N
N
N
AERCAP GLOBAL AVIATION T
635400FBSV8LXXNRV758
AerCap Global Aviation Trust
00773HAA5
660000.00000000
PA
USD
708387.90000000
0.402093716766
Long
DBT
CORP
US
N
1
2045-06-15
Fixed
6.50000000
N
N
N
N
N
N
ENTERPRISE PRODUCTS OPER
5493004LGN656HWLDA30
Enterprise Products Operating LLC
29379VBN2
500000.00000000
PA
USD
514341.45000000
0.291949460624
Long
DBT
CORP
US
N
2
2077-08-16
Fixed
5.25000000
N
N
N
N
N
N
ASSURANT INC
H3F39CAXWQRVWURFXL38
Assurant Inc
04621X306
13100.00000000
NS
USD
346984.94000000
0.196954894608
Long
EP
CORP
US
N
1
N
N
N
ENSTAR FINANCE LLC
N/A
Enstar Finance LLC
29360AAA8
425000.00000000
PA
USD
440278.75000000
0.249910139629
Long
DBT
CORP
US
N
2
2040-09-01
Fixed
5.75000000
N
N
N
N
N
N
DISCOVER FINANCIAL SVS
Z1YLO2USPORE63VVUL20
Discover Financial Services
254709AQ1
650000.00000000
PA
USD
716170.00000000
0.406510976735
Long
DBT
CORP
US
N
2
N/A
Fixed
6.12500000
N
N
N
N
N
N
FT REAL ESTATE SECS CO
0002671824
FT Real Estate Securities Co Inc
302663208
1.00000000
NS
USD
1306250.00000000
0.741451000964
Long
EP
CORP
US
N
2
N
N
N
ENSTAR GROUP LTD
213800AMAL5QFXVUCN04
Enstar Group Ltd
29359U109
45000.00000000
NS
USD
1285987.50000000
0.729949641418
Long
EP
CORP
BM
N
1
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967341
113670.00000000
NS
USD
3071363.40000000
1.743361123258
Long
EP
CORP
US
N
1
N
N
N
BANCO MERCANTIL DE NORTE
549300QTVYRPFHS0J362
Banco Mercantil del Norte SA/Grand Cayman
05962GAJ8
530000.00000000
PA
USD
568160.00000000
0.322497837862
Long
DBT
CORP
MX
N
2
N/A
Fixed
7.62500000
N
N
N
N
N
N
ENERGY TRANSFER LP
MTLVN9N7JE8MIBIJ1H73
Energy Transfer LP
29273V605
123400.00000000
NS
USD
2984429.00000000
1.694015593767
Long
EP
CORP
US
N
1
N
N
N
GENERAL MOTORS FINL CO
5493008B6JBRUJ90QL97
General Motors Financial Co Inc
37045XDB9
600000.00000000
PA
USD
681750.00000000
0.386973565479
Long
DBT
CORP
US
N
2
N/A
Fixed
5.70000000
N
N
N
N
N
N
SBL HOLDINGS INC
N/A
SBL Holdings Inc
78397DAC2
1100000.00000000
PA
USD
1072500.00000000
0.608770295529
Long
DBT
CORP
US
N
2
N/A
Fixed
6.50000000
N
N
N
N
N
N
PNC FINANCIAL SERVICES
CFGNEKW0P8842LEUIA51
PNC Financial Services Group Inc/The
693475BC8
310000.00000000
PA
USD
299739.00000000
0.170137249055
Long
DBT
CORP
US
N
1
N/A
Fixed
3.40000000
N
N
N
N
N
N
STIFEL FINANCIAL CORP
549300E5F07FE5GHJX84
Stifel Financial Corp
860630706
21500.00000000
NS
USD
564697.50000000
0.320532460568
Long
EP
CORP
US
N
1
N
N
N
LAND O'LAKES INC
4ONCJWH5BBCYSJIJYX61
Land O' Lakes Inc
514666AK2
3900000.00000000
PA
USD
4213209.00000000
2.391493228956
Long
DBT
CORP
US
N
2
N/A
Fixed
8.00000000
N
N
N
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
06738EBT1
350000.00000000
PA
USD
336644.00000000
0.191085191019
Long
DBT
CORP
GB
N
1
N/A
Fixed
4.37500000
N
N
N
N
N
N
VALLEY NATIONAL BANCORP
549300ET52S1UBIB9762
Valley National Bancorp
919794305
29400.00000000
NS
USD
745437.00000000
0.423123452483
Long
EP
CORP
US
N
1
N
N
N
ATHENE HOLDING LTD
549300H316CT32FQXI76
Athene Holding Ltd
000000000
89000.00000000
NS
USD
2527155.00000000
1.434458644473
Long
EP
CORP
BM
N
1
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746465
35900.00000000
NS
USD
971637.09000000
0.551518693171
Long
EP
CORP
US
N
1
N
N
N
ALLSTATE CORP
OBT0W1ED8G0NWVOLOJ77
Allstate Corp/The
020002838
10570.00000000
NS
USD
279840.75000000
0.158842644362
Long
EP
CORP
US
N
1
N
N
N
WINTRUST FINANCIAL CORP
Q774KI4AW80FHFW33O61
Wintrust Financial Corp
97650W504
35500.00000000
NS
USD
990982.50000000
0.562499495933
Long
EP
CORP
US
N
1
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
94988U128
30000.00000000
NS
USD
763950.00000000
0.433631764353
Long
EP
CORP
US
N
1
N
N
N
METLIFE INC
C4BXATY60WC6XEOZDX54
MetLife Inc
59156RBS6
3600000.00000000
PA
USD
5340229.16000000
3.031210148182
Long
DBT
CORP
US
N
2
2038-04-08
Fixed
9.25000000
N
N
N
N
N
N
STANDARD CHARTERED PLC
U4LOSYZ7YG4W3S5F2G91
Standard Chartered PLC
853254BA7
1815000.00000000
PA
USD
1846408.58000000
1.048054729057
Long
DBT
CORP
GB
N
2
N/A
Fixed
7.50000000
N
N
N
N
N
N
CITIZENS FINANCIAL GROUP
2138004JDDA4ZQUPFW65
Citizens Financial Group Inc
174610AQ8
1000000.00000000
PA
USD
1040000.00000000
0.590322710816
Long
DBT
CORP
US
N
2
N/A
Fixed
6.37500000
N
N
N
N
N
N
REGIONS FINANCIAL CORP
CW05CS5KW59QTC0DG824
Regions Financial Corp
7591EP704
117980.00000000
NS
USD
3224688.35000000
1.830391123374
Long
EP
CORP
US
N
1
N
N
N
BANCO BILBAO VIZCAYA ARG
K8MS7FD7N5Z2WQ51AZ71
Banco Bilbao Vizcaya Argentaria SA
05946KAF8
2400000.00000000
PA
USD
2514000.00000000
1.426991629799
Long
DBT
CORP
ES
N
2
N/A
Fixed
6.12500000
N
N
N
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967MV0
450000.00000000
PA
USD
447187.50000000
0.253831670426
Long
DBT
CORP
US
N
2
N/A
Fixed
3.87500000
N
N
N
N
N
N
PROVIDENT FINANCING TR I
N/A
Provident Financing Trust I
743863AA0
5160000.00000000
PA
USD
6224250.00000000
3.532996281535
Long
DBT
CORP
US
N
2
2038-03-15
Fixed
7.40500000
N
N
N
N
N
N
SEMPRA ENERGY
PBBKGKLRK5S5C0Y4T545
Sempra Energy
816851BM0
1200000.00000000
PA
USD
1192576.14000000
0.676927672903
Long
DBT
CORP
US
N
1
2052-04-01
Fixed
4.12500000
N
N
N
N
N
N
BANK OF AMERICA CORP
9DJT3UXIJIZJI4WXO774
Bank of America Corp
060505FL3
3180000.00000000
PA
USD
3501975.00000000
1.987784014625
Long
DBT
CORP
US
N
2
N/A
Fixed
5.87500000
N
N
N
N
N
N
CNO FINANCIAL GROUP INC
11XPYHB76MPM4Y4P2897
CNO Financial Group Inc
12621E301
12500.00000000
NS
USD
315312.50000000
0.178977047840
Long
EP
CORP
US
N
1
N
N
N
CAPITAL ONE FINANCIAL CO
ZUE8T73ROZOF6FLBAR73
Capital One Financial Corp
14040H824
13875.00000000
NS
USD
359015.63000000
0.203783730698
Long
EP
CORP
US
N
1
N
N
N
ALLY FINANCIAL INC
549300JBN1OSM8YNAI90
ALLY FINANCIAL INC
02005NBN9
700000.00000000
PA
USD
707000.00000000
0.401305919756
Long
DBT
CORP
US
N
2
N/A
Fixed
4.70000000
N
N
N
N
N
N
NUSTAR LOGISTICS LP
N62BF2PKP51FIIOIUN20
NuStar Logistics LP
67059T204
33700.00000000
NS
USD
842163.00000000
0.478026870297
Long
EP
CORP
US
N
1
N
N
N
M&T BANK CORPORATION
549300WYXDDBYRASEG81
M&T Bank Corp
55261FAN4
575000.00000000
PA
USD
556312.50000000
0.315772983712
Long
DBT
CORP
US
N
1
N/A
Fixed
3.50000000
N
N
N
N
N
N
AMER AGCREDIT ACA
0002558989
American AgCredit Corp
02369GAA3
500000.00000000
PA
USD
511250.00000000
0.290194697985
Long
DBT
CORP
US
N
2
N/A
Fixed
5.25000000
N
N
N
N
N
N
HUNTINGTON BANCSHARES
549300XTVCVV9I7B5T19
Huntington Bancshares Inc/OH
446150AV6
300000.00000000
PA
USD
320250.00000000
0.181779661671
Long
DBT
CORP
US
N
2
N/A
Fixed
4.45000000
N
N
N
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967358
119778.00000000
NS
USD
3260081.67000000
1.850481008573
Long
EP
CORP
US
N
1
N
N
N
HSBC HOLDINGS PLC
MLU0ZO3ML4LN2LL2TL39
HSBC Holdings PLC
404280BP3
3710000.00000000
PA
USD
4071854.85000000
2.311258070290
Long
DBT
CORP
GB
N
2
N/A
Fixed
6.50000000
N
N
N
N
N
N
ALGONQUIN PWR & UTILITY
549300K5VIUTJXQL7X75
Algonquin Power & Utilities Corp
015857808
39775.00000000
NS
USD
1102861.31000000
0.626003921320
Long
EP
CORP
CA
N
1
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746804
241.00000000
NS
USD
353923.49000000
0.200893340421
Long
EP
CORP
US
N
1
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
06738EBN4
1805000.00000000
PA
USD
1936422.05000000
1.099147994076
Long
DBT
CORP
GB
N
2
N/A
Fixed
6.12500000
N
N
N
N
N
N
HEARTLAND FINANCIAL USA
549300QF7B0DFZT32C73
Heartland Financial USA Inc
42234Q201
31600.00000000
NS
USD
890029.80000000
0.505196927156
Long
EP
CORP
US
N
1
N
N
N
KEYCORP
RKPI3RZGV1V1FJTH5T61
KeyCorp
493267702
83910.00000000
NS
USD
2470629.26000000
1.402373617485
Long
EP
CORP
US
N
1
N
N
N
LAND O'LAKES INC
4ONCJWH5BBCYSJIJYX61
Land O' Lakes Inc
514666AM8
260000.00000000
PA
USD
280900.10000000
0.159443950481
Long
DBT
CORP
US
N
2
N/A
Fixed
7.25000000
N
N
N
N
N
N
EVEREST REINSURANCE HLDG
N/A
Everest Reinsurance Holdings Inc
299808AE5
885000.00000000
PA
USD
858218.79000000
0.487140425563
Long
DBT
CORP
US
N
2
2037-05-15
Floating
2.54100000
N
N
N
N
N
N
AERCAP HOLDINGS NV
549300SZYINBBLJQU475
AerCap Holdings NV
00774YAA7
1380000.00000000
PA
USD
1416363.00000000
0.803953120826
Long
DBT
CORP
NL
N
2
2079-10-10
Fixed
5.87500000
N
N
N
N
N
N
TRUIST FINANCIAL CORP
549300DRQQI75D2JP341
Truist Financial Corp
89832QAF6
440000.00000000
PA
USD
491480.00000000
0.278972890299
Long
DBT
CORP
US
N
2
N/A
Fixed
5.10000000
N
N
N
N
N
N
STANDARD CHARTERED PLC
U4LOSYZ7YG4W3S5F2G91
Standard Chartered PLC
853254BX7
350000.00000000
PA
USD
341031.25000000
0.193575473050
Long
DBT
CORP
GB
N
2
N/A
Fixed
4.75000000
N
N
N
N
N
N
ENERGY TRANSFER LP
MTLVN9N7JE8MIBIJ1H73
Energy Transfer LP
29273V506
1500.00000000
NS
USD
36622.35000000
0.020787504738
Long
EP
CORP
US
N
1
N
N
N
FIFTH THIRD BANCORP
THRNG6BD57P9QWTQLG42
Fifth Third Bancorp
316773605
166635.00000000
NS
USD
4543719.86000000
2.579097139369
Long
EP
CORP
US
N
1
N
N
N
TEXAS CAPITAL BANCSHARES
549300466Q2SXRX0YM48
Texas Capital Bancshares Inc
88224Q305
60200.00000000
NS
USD
1551053.00000000
0.880405588057
Long
EP
CORP
US
N
1
N
N
N
PNC FINANCIAL SERVICES
CFGNEKW0P8842LEUIA51
PNC Financial Services Group Inc/The
693475857
65809.00000000
NS
USD
1688494.42000000
0.958419810780
Long
EP
CORP
US
N
1
N
N
N
SOCIETE GENERALE
O2RNE8IBXP4R0TD8PU41
Societe Generale SA
83370RAB4
750000.00000000
PA
USD
758437.50000000
0.430502770177
Long
DBT
CORP
FR
N
2
N/A
Fixed
4.75000000
N
N
N
N
N
N
SCE TRUST V
N/A
SCE Trust V
78409W201
32270.00000000
NS
USD
828622.61000000
0.470341101325
Long
EP
CORP
US
N
1
N
N
N
DCP MIDSTREAM LP
52990024YYS3MLGW0E91
DCP Midstream LP
23311P209
3700.00000000
NS
USD
91423.67000000
0.051893719910
Long
EP
CORP
US
N
1
N
N
N
ALLIANZ SE
529900K9B0N5BT694847
Allianz SE
018820AB6
400000.00000000
PA
USD
375120.00000000
0.212924860847
Long
DBT
CORP
DE
N
2
N/A
Fixed
3.20000000
N
N
N
N
N
N
STIFEL FINANCIAL CORP
549300E5F07FE5GHJX84
Stifel Financial Corp
860630862
16000.00000000
NS
USD
396720.00000000
0.225185409456
Long
EP
CORP
US
N
1
N
N
N
ZIONS BANCORP NA
8WH0EE09O9V05QJZ3V89
Zions Bancorp NA
989701818
18000.00000000
NS
USD
483210.00000000
0.274278689512
Long
EP
CORP
US
N
1
N
N
N
BNP PARIBAS
R0MUWSFPU8MPRO8K5P83
BNP Paribas SA
05565AGF4
420000.00000000
PA
USD
486307.50000000
0.276036886240
Long
DBT
CORP
FR
N
2
N/A
Fixed
7.00000000
N
N
N
N
N
N
GOLDMAN SACHS GROUP INC
784F5XWPLTWKTBV3E584
Goldman Sachs Group Inc/The
38148BAE8
600000.00000000
PA
USD
636000.00000000
0.361005042383
Long
DBT
CORP
US
N
2
N/A
Fixed
5.50000000
N
N
N
N
N
N
CREDIT AGRICOLE SA
969500TJ5KRTCJQWXH05
Credit Agricole SA
225313AD7
290000.00000000
PA
USD
316645.49000000
0.179733676946
Long
DBT
CORP
FR
N
2
N/A
Fixed
7.87500000
N
N
N
N
N
N
ZIONS BANCORP NA
8WH0EE09O9V05QJZ3V89
Zions Bancorp NA
989701BF3
1225000.00000000
PA
USD
1330080.50000000
0.754977621503
Long
DBT
CORP
US
N
2
N/A
Fixed
7.20000000
N
N
N
N
N
N
SOUTHERN CO
549300FC3G3YU2FBZD92
Southern Co/The
842587DJ3
700000.00000000
PA
USD
693700.00000000
0.393756600474
Long
DBT
CORP
US
N
1
2051-09-15
Fixed
3.75000000
N
N
N
N
N
N
METLIFE INC
C4BXATY60WC6XEOZDX54
MetLife Inc
59156RAV0
3096000.00000000
PA
USD
5303334.07000000
3.010267831313
Long
DBT
CORP
US
N
2
2039-08-01
Fixed
10.75000000
N
N
N
N
N
N
ENBRIDGE INC
98TPTUM4IVMFCZBCUR27
Enbridge Inc
29250NAN5
1120000.00000000
PA
USD
1214037.92000000
0.689109765353
Long
DBT
CORP
CA
N
2
2077-01-15
Fixed
6.00000000
N
N
N
N
N
N
GLOBAL ATLANTIC
N/A
Global Atlantic Fin Co
37959GAC1
1180000.00000000
PA
USD
1216056.86000000
0.690255752020
Long
DBT
CORP
US
N
2
2051-10-15
Fixed
4.70000000
N
N
N
N
N
N
OCEAN SPRAY CRANBERRIES
F58I6BK23LKYT8F1SB71
Ocean Spray Cranberries Inc
675022404
34700.00000000
NS
USD
3209750.00000000
1.821911847155
Long
EP
CORP
US
N
2
N
N
N
RENAISSANCERE HOLDINGS L
EK6GB9U3U58PDI411C94
RenaissanceRe Holdings Ltd
75968N309
7332.00000000
NS
USD
191026.46000000
0.108430055485
Long
EP
CORP
BM
N
1
N
N
N
NEW YORK MORTGAGE TRUST
549300JFGR0M7ULHWG48
New York Mortgage Trust Inc
649604865
23000.00000000
NS
USD
570170.00000000
0.323638750025
Long
EP
CORP
US
N
2
N
N
N
MERCHANTS BANCORP
54930008Y0GPVLF81889
Merchants Bancorp/IN
58844R603
15700.00000000
NS
USD
414558.50000000
0.235310862992
Long
EP
CORP
US
N
1
N
N
N
DIME COMMUNITY BANCSHARE
0002487650
Dime Community Bancshares Inc
25432X201
29000.00000000
NS
USD
751245.00000000
0.426420177775
Long
EP
CORP
US
N
1
N
N
N
TRISTATE CAPITAL HLDGS
5493003JKSPN0881WX29
TriState Capital Holdings Inc
89678F506
15000.00000000
NS
USD
398475.00000000
0.226181579031
Long
EP
CORP
US
N
1
N
N
N
DCP MIDSTREAM LP
52990024YYS3MLGW0E91
DCP Midstream LP
23311PAA8
1140000.00000000
PA
USD
1131450.00000000
0.642231376108
Long
DBT
CORP
US
N
2
N/A
Fixed
7.37500000
N
N
N
N
N
N
MORGAN STANLEY
IGJSJL3JD5P30I6NJZ34
Morgan Stanley
61762V200
58216.00000000
NS
USD
1593954.08000000
0.904757012905
Long
EP
CORP
US
N
1
N
N
N
PEOPLE'S UNITED FIN INC
ROPY7PEPIPIDJNF0BO69
People's United Financial Inc
712704204
17600.00000000
NS
USD
484088.00000000
0.274777058109
Long
EP
CORP
US
N
1
N
N
N
ARBOR REALTY TRUST INC
549300ASFUWYQO0RW077
Arbor Realty Trust Inc
038923850
45000.00000000
NS
USD
1129950.00000000
0.641379949121
Long
EP
CORP
US
N
1
N
N
N
ATHENE HOLDING LTD
549300H316CT32FQXI76
Athene Holding Ltd
04686J408
21200.00000000
NS
USD
536678.00000000
0.304628088264
Long
EP
CORP
BM
N
1
N
N
N
ENERGY TRANSFER LP
MTLVN9N7JE8MIBIJ1H73
Energy Transfer LP
29273V407
81955.00000000
NS
USD
1972247.08000000
1.119482925639
Long
EP
CORP
US
N
1
N
N
N
AXIS SPECIALTY FINANCE
N/A
AXIS Specialty Finance LLC
05463HAC5
655000.00000000
PA
USD
688917.66000000
0.391042058250
Long
DBT
CORP
US
N
2
2040-01-15
Fixed
4.90000000
N
N
N
N
N
N
GENERAL MOTORS FINL CO
5493008B6JBRUJ90QL97
General Motors Financial Co Inc
37045XCM6
775000.00000000
PA
USD
868387.50000000
0.492912368306
Long
DBT
CORP
US
N
2
N/A
Fixed
6.50000000
N
N
N
N
N
N
ENERGY TRANSFER LP
MTLVN9N7JE8MIBIJ1H73
Energy Transfer LP
29273RBC2
1680000.00000000
PA
USD
2229535.31000000
1.265524353903
Long
DBT
CORP
US
N
2
2029-11-15
Fixed
8.25000000
N
N
N
N
N
N
AXIS CAPITAL HLDGS LTD
N/A
Axis Capital Holdings Ltd
05461T305
17500.00000000
NS
USD
442447.25000000
0.251141019243
Long
EP
CORP
BM
N
1
N
N
N
DEUTSCHE BANK AG
7LTWFZYICNSX8D621K86
Deutsche Bank AG
251525AX9
400000.00000000
PA
USD
408484.00000000
0.231862867504
Long
DBT
CORP
DE
N
2
N/A
Fixed
6.00000000
N
N
N
N
N
N
SVB FINANCIAL GROUP
549300D2KJ20JMXE7542
SVB Financial Group
78486QAJ0
600000.00000000
PA
USD
598230.00000000
0.339566110857
Long
DBT
CORP
US
N
2
N/A
Fixed
4.00000000
N
N
N
N
N
N
AMERICAN ELECTRIC POWER
1B4S6S7G0TW5EE83BO58
American Electric Power Co Inc
025537AU5
1060000.00000000
PA
USD
1059740.02000000
0.601527501314
Long
DBT
CORP
US
N
1
2062-02-15
Fixed
3.87500000
N
N
N
N
N
N
HUNTINGTON BANCSHARES
549300XTVCVV9I7B5T19
Huntington Bancshares Inc/OH
446150AL8
1000000.00000000
PA
USD
1017500.00000000
0.577551306014
Long
DBT
CORP
US
N
2
N/A
Fixed
5.70000000
N
N
N
N
N
N
KUVARE US HOLDINGS INC
254900MGBERNLZXF7O58
Kuvare US Holdings Inc
50149XAA2
750000.00000000
PA
USD
816562.50000000
0.463495565914
Long
DBT
CORP
US
N
2
2051-02-17
Fixed
7.00000000
N
N
N
N
N
N
CENTERPOINT ENERGY INC
21TPXMRRHFKOBHDC8J74
CenterPoint Energy Inc
15189TAS6
670000.00000000
PA
USD
698793.25000000
0.396647620807
Long
DBT
CORP
US
N
2
N/A
Fixed
6.12500000
N
N
N
N
N
N
CAPITAL ONE FINANCIAL CO
ZUE8T73ROZOF6FLBAR73
Capital One Financial Corp
14040HCF0
880000.00000000
PA
USD
866773.60000000
0.491996289630
Long
DBT
CORP
US
N
1
N/A
Fixed
3.95000000
N
N
N
N
N
N
UNIVERSAL INSURANCE HOLDINGS 5.625%
529900GGAZ6WVUCWQM46
UNIVERSAL INSURANCE HOLDINGS 5.625%
91359VAA5
375000.00000000
PA
USD
377112.02000000
0.214055567238
Long
DBT
CORP
US
N
2
2026-11-30
Fixed
5.62500000
N
N
N
N
N
N
FIRST HORIZON CORP
TF3RXI1ZB1TQ30H9JV10
First Horizon Corp
320517402
15600.00000000
NS
USD
427128.00000000
0.242445537332
Long
EP
CORP
US
N
1
N
N
N
SCE TRUST II
N/A
SCE Trust II
78407R204
132.00000000
NS
USD
3323.10000000
0.001886251346
Long
EP
CORP
US
N
1
N
N
N
BNP PARIBAS
R0MUWSFPU8MPRO8K5P83
BNP Paribas SA
05565ASK0
350000.00000000
PA
USD
346500.00000000
0.196679633940
Long
DBT
CORP
FR
N
2
N/A
Fixed
4.62500000
N
N
N
N
N
N
AMERICAN EXPRESS CO
R4PP93JZOLY261QX3811
American Express Co
025816CH0
575000.00000000
PA
USD
568746.88000000
0.322830961509
Long
DBT
CORP
US
N
2
N/A
Fixed
3.55000000
N
N
N
N
N
N
COMPEER FINANCIAL ACA
54930020HTACTODKHT04
Compeer Financial ACA
20453QAA0
250000.00000000
PA
USD
252500.00000000
0.143323542770
Long
DBT
CORP
US
N
2
N/A
Fixed
4.87500000
N
N
N
N
N
N
PECO ENERGY CAP TRST III
N/A
PECO Energy Capital Trust III
69331VAA4
500000.00000000
PA
USD
620027.55000000
0.351938792400
Long
DBT
CORP
US
N
2
2028-04-06
Fixed
7.38000000
N
N
N
N
N
N
VOYA FINANCIAL INC
549300T065Z4KJ686G75
Voya Financial Inc
929089209
25000.00000000
NS
USD
700812.50000000
0.397793783436
Long
EP
CORP
US
N
1
N
N
N
CADENCE BANK
Q7C315HKI8VX0SSKBS64
Cadence Bank
12740C202
25600.00000000
NS
USD
692864.00000000
0.393282071833
Long
EP
CORP
US
N
1
N
N
N
COBANK ACB
P0J8I7M2E0A77CKF1705
CoBank ACB
19075Q870
16300.00000000
NS
USD
1642225.00000000
0.932156455548
Long
EP
USGA
US
N
2
N
N
N
QBE INSURANCE GROUP LTD
549300D2FBW76FPUSG65
QBE Insurance Group Ltd
74728GAE0
500000.00000000
PA
USD
539375.00000000
0.306158953986
Long
DBT
CORP
AU
N
2
N/A
Fixed
5.87500000
N
N
N
N
N
N
MACQUARIE BANK LONDON
4ZHCHI4KYZG2WVRT8631
Macquarie Bank Ltd/London
556079AB7
540000.00000000
PA
USD
576225.90000000
0.327076187817
Long
DBT
CORP
AU
N
2
N/A
Fixed
6.12500000
N
N
N
N
N
N
WESBANCO INC
0001070448
WesBanco Inc
950810705
36500.00000000
NS
USD
1006122.50000000
0.571093232320
Long
EP
CORP
US
N
1
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746TD3
700000.00000000
PA
USD
704637.50000000
0.399964922252
Long
DBT
CORP
US
N
1
N/A
Fixed
3.90000000
N
N
N
N
N
N
ALLY FINANCIAL INC
549300JBN1OSM8YNAI90
Ally Financial Inc
02005NBM1
1030000.00000000
PA
USD
1065406.25000000
0.604743755404
Long
DBT
CORP
US
N
2
N/A
Fixed
4.70000000
N
N
N
N
N
N
VODAFONE GROUP PLC
213800TB53ELEUKM7Q61
Vodafone Group PLC
92857WBQ2
700000.00000000
PA
USD
843096.53000000
0.478556758720
Long
DBT
CORP
GB
N
1
2079-04-04
Fixed
7.00000000
N
N
N
N
N
N
NATWEST GROUP PLC
2138005O9XJIJN4JPN90
NatWest Group PLC
639057AD0
300000.00000000
PA
USD
290625.00000000
0.164963978683
Long
DBT
CORP
GB
N
2
N/A
Fixed
4.60000000
N
N
N
N
N
N
LIBERTY MUTUAL INSURANCE
CNC20I6IOMGF7KY49D67
Liberty Mutual Insurance Co
53079QAD9
2000000.00000000
PA
USD
3226179.32000000
1.831237424770
Long
DBT
CORP
US
N
2
2097-10-15
Fixed
7.69700000
N
N
N
N
N
N
STANDARD CHARTERED PLC
U4LOSYZ7YG4W3S5F2G91
Standard Chartered PLC
853254BH2
1250000.00000000
PA
USD
1319362.50000000
0.748893891874
Long
DBT
CORP
GB
N
2
N/A
Fixed
7.75000000
N
N
N
N
N
N
MPLX LP
5493000CZJ19CK4P3G36
MPLX LP
55336VAU4
1590000.00000000
PA
USD
1605900.00000000
0.911537732018
Long
DBT
CORP
US
N
2
N/A
Fixed
6.87500000
N
N
N
N
N
N
BANCO MERCANTIL DE NORTE
549300QTVYRPFHS0J362
Banco Mercantil del Norte SA/Grand Cayman
05973KAB3
600000.00000000
PA
USD
587268.00000000
0.333343882438
Long
DBT
CORP
MX
N
2
N/A
Fixed
6.62500000
N
N
N
N
N
N
TRANSCANADA TRUST
549300Y0MFCAXLBWUV51
Transcanada Trust
89356BAB4
1400000.00000000
PA
USD
1526000.00000000
0.866185054524
Long
DBT
CORP
CA
N
2
2076-08-15
Fixed
5.87500000
N
N
N
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746RN3
2075000.00000000
PA
USD
2261750.00000000
1.283809991527
Long
DBT
CORP
US
N
2
N/A
Fixed
5.87500000
N
N
N
N
N
N
GOLDMAN SACHS GROUP INC
784F5XWPLTWKTBV3E584
Goldman Sachs Group Inc/The
38148B108
47700.00000000
NS
USD
1319620.50000000
0.749040337315
Long
EP
CORP
US
N
1
N
N
N
TRUIST FINANCIAL CORP
549300DRQQI75D2JP341
Truist Financial Corp
89832QAE9
810000.00000000
PA
USD
868725.00000000
0.493103939378
Long
DBT
CORP
US
N
1
N/A
Fixed
4.95000000
N
N
N
N
N
N
CONNECTONE BANCORP INC
549300E2M5ZYAZKUK134
ConnectOne Bancorp Inc
20786W503
35800.00000000
NS
USD
946015.00000000
0.536975133916
Long
EP
CORP
US
N
1
N
N
N
ENBRIDGE INC
98TPTUM4IVMFCZBCUR27
Enbridge Inc
29250NBC8
292000.00000000
PA
USD
322589.92000000
0.183107842361
Long
DBT
CORP
CA
N
2
2080-07-15
Fixed
5.75000000
N
N
N
N
N
N
BANK OF HAWAII CORP
5493006Q8BQ8AD8M2U33
Bank of Hawaii Corp
062545207
10000.00000000
NS
USD
250250.00000000
0.142046402290
Long
EP
CORP
US
N
1
N
N
N
ING GROEP NV
549300NYKK9MWM7GGW15
ING Groep NV
456837AY9
575000.00000000
PA
USD
540212.50000000
0.306634334054
Long
DBT
CORP
NL
N
1
N/A
Fixed
3.87500000
N
N
N
N
N
N
NATIONAL RURAL UTIL COOP
4NYF266XZC35SCTGX023
National Rural Utilities Cooperative Finance Corp
637432105
5094.00000000
NS
USD
136684.76000000
0.077584728894
Long
EP
CORP
US
N
1
N
N
N
MORGAN STANLEY
IGJSJL3JD5P30I6NJZ34
Morgan Stanley
61745VAB9
476000.00000000
PA
USD
491470.00000000
0.278967214119
Long
DBT
CORP
US
N
2
N/A
Fixed
5.30000000
N
N
N
N
N
N
JPMORGAN CHASE & CO
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co
46625HHA1
1832000.00000000
PA
USD
1834242.17000000
1.041148855853
Long
DBT
CORP
US
N
2
N/A
Floating
3.59863000
N
N
N
N
N
N
BRITISH TELECOMMUNICATIO
549300OWFMSO9NYV4H90
British Telecommunications PLC
11102AAG6
740000.00000000
PA
USD
737661.60000000
0.418709995554
Long
DBT
CORP
GB
N
2
2081-11-23
Fixed
4.87500000
N
N
N
N
N
N
JPMORGAN CHASE & CO
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co
48128BAN1
1825000.00000000
PA
USD
1785361.00000000
1.013403024332
Long
DBT
CORP
US
N
1
N/A
Fixed
3.65000000
N
N
N
N
N
N
M&T BANK CORPORATION
549300WYXDDBYRASEG81
M&T Bank Corp
55261FAG9
2790000.00000000
PA
USD
2983556.25000000
1.693520205165
Long
DBT
CORP
US
N
2
N/A
Fixed
6.45000000
N
N
N
N
N
N
WASHINGTON MUTUAL - ESCROW
N/A
WASHINGTON MUTUAL - ESCROW
000000000
1000.00000000
NS
USD
0.00000000
0.000000
Long
EP
CORP
US
N
N/A
N
N
N
INDIANAPOLIS P&L
2T85JNP2R2B2GTSFND21
Indianapolis Power & Light Co
455434878
25000.00000000
NS
USD
2596500.00000000
1.473820114071
Long
EP
CORP
US
N
2
N
N
N
GENERAL MOTORS FINL CO
5493008B6JBRUJ90QL97
General Motors Financial Co Inc
37045XCA2
453000.00000000
PA
USD
484596.75000000
0.275065833762
Long
DBT
CORP
US
N
1
N/A
Fixed
5.75000000
N
N
N
N
N
N
Northpointe Bancshares Inc
549300EYMKMD4WKEKP72
Northpointe Bancshares Inc
66661N308
50000.00000000
NS
USD
1340750.00000000
0.761033821660
Long
EP
CORP
US
Y
2
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746556
59490.00000000
NS
USD
1554699.76000000
0.882475554642
Long
EP
CORP
US
N
1
N
N
N
STERLING BANCORP/DE
549300LQK6SKH5ZXO648
Sterling Bancorp/DE
85917A209
8494.00000000
NS
USD
219952.13000000
0.124848786184
Long
EP
CORP
US
N
1
N
N
N
SOCIETE GENERALE
O2RNE8IBXP4R0TD8PU41
Societe Generale SA
83367TBU2
400000.00000000
PA
USD
438680.00000000
0.249002660366
Long
DBT
CORP
FR
N
2
N/A
Fixed
6.75000000
N
N
N
N
N
N
HUNTINGTON BANCSHARES
549300XTVCVV9I7B5T19
Huntington Bancshares Inc/OH
446150AT1
875000.00000000
PA
USD
998593.75000000
0.566819778369
Long
DBT
CORP
US
N
2
N/A
Fixed
5.62500000
N
N
N
N
N
N
EDISON INTERNATIONAL
549300I7ROF15MAEVP56
Edison International
281020AT4
1351000.00000000
PA
USD
1350162.38000000
0.766376457887
Long
DBT
CORP
US
N
1
N/A
Fixed
5.00000000
N
N
N
N
N
N
TPG RE FINANCE TRUST INC
N/A
TPG RE Finance Trust Inc
87266M206
21700.00000000
NS
USD
515483.50000000
0.292597708750
Long
EP
CORP
US
N
1
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967NB3
350000.00000000
PA
USD
348250.00000000
0.197672965424
Long
DBT
CORP
US
N
2
N/A
Fixed
4.15000000
N
N
N
N
N
N
WESTERN ALLIANCE BANCORP
5493003VJXZ5JXT9S762
Western Alliance Bancorp
957638406
18900.00000000
NS
USD
490738.50000000
0.278552001559
Long
EP
CORP
US
N
1
N
N
N
COBANK ACB
P0J8I7M2E0A77CKF1705
CoBank ACB
19075Q862
10000.00000000
NS
USD
1065000.00000000
0.604513160595
Long
EP
USGA
US
N
2
N
N
N
SBL HOLDINGS INC
N/A
SBL Holdings Inc
78397DAA6
975000.00000000
PA
USD
978656.25000000
0.555502894670
Long
DBT
CORP
US
N
2
N/A
Fixed
7.00000000
N
N
N
N
N
N
SEMPRA ENERGY
PBBKGKLRK5S5C0Y4T545
Sempra Energy
816851BK4
1020000.00000000
PA
USD
1081200.00000000
0.613708572052
Long
DBT
CORP
US
N
2
N/A
Fixed
4.87500000
N
N
N
N
N
N
ACE CAPITAL TRUST II
N/A
ACE Capital Trust II
00440FAA2
975000.00000000
PA
USD
1461438.08000000
0.829538547187
Long
DBT
CORP
US
N
2
2030-04-01
Fixed
9.70000000
N
N
N
N
N
N
NY COMMUNITY BANCORP INC
529900HVXOTLY61GL030
New York Community Bancorp Inc
649445202
174600.00000000
NS
USD
4826817.00000000
2.739788169281
Long
EP
CORP
US
N
1
N
N
N
QBE INSURANCE GROUP LTD
549300D2FBW76FPUSG65
QBE Insurance Group Ltd
74737EAA2
4043000.00000000
PA
USD
4459469.43000000
2.531275079537
Long
DBT
CORP
AU
N
2
2043-11-24
Fixed
7.50000000
N
N
N
N
N
N
NISOURCE INC
549300D8GOWWH0SJB189
NiSource Inc
65473PAG0
325000.00000000
PA
USD
335562.50000000
0.190471312161
Long
DBT
CORP
US
N
2
N/A
Fixed
5.65000000
N
N
N
N
N
N
SYNOVUS FINANCIAL CORP
549300EIUS8UN5JTLE54
Synovus Financial Corp
87161C709
67827.00000000
NS
USD
1793515.45000000
1.018031636860
Long
EP
CORP
US
N
1
N
N
N
AMERICAN EQUITY INVESTME
549300RK5RZQ740FPL83
American Equity Investment Life Holding Co
025676503
50000.00000000
NS
USD
1343875.00000000
0.762807627882
Long
EP
CORP
US
N
1
N
N
N
BBVA BANCOMER SA TEXAS
549300WIWQK5Q9MCUN92
BBVA Bancomer SA/Texas
05533UAG3
500000.00000000
PA
USD
541875.00000000
0.307577998964
Long
DBT
CORP
MX
N
2
2034-09-13
Fixed
5.87500000
N
N
N
N
N
N
JPMORGAN CHASE & CO
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co
48128B523
24000.00000000
NS
USD
594120.00000000
0.337233200913
Long
EP
CORP
US
N
1
N
N
N
JPMORGAN CHASE & CO
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co
48128BAF8
500000.00000000
PA
USD
510262.50000000
0.289634175219
Long
DBT
CORP
US
N
1
N/A
Fixed
5.00000000
N
N
N
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967MU2
200000.00000000
PA
USD
198976.00000000
0.112942357410
Long
DBT
CORP
US
N
1
N/A
Fixed
4.00000000
N
N
N
N
N
N
FIRST REPUBLIC BANK
YWC0TIKBQM2JV8L4IV08
First Republic Bank/CA
33616C720
17000.00000000
NS
USD
388025.00000000
0.220249971023
Long
EP
CORP
US
N
1
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967JM4
460000.00000000
PA
USD
490337.00000000
0.278324102935
Long
DBT
CORP
US
N
1
N/A
Fixed
5.95000000
N
N
N
N
N
N
ANNALY CAPITAL MGMT
2DTL0G3FPRYUT58TI025
Annaly Capital Management Inc
035710870
3440.00000000
NS
USD
86890.27000000
0.049320480509
Long
EP
CORP
US
N
1
N
N
N
TEXAS CAPITAL BANCSHARES
549300466Q2SXRX0YM48
Texas Capital Bancshares Inc
88224QAA5
475000.00000000
PA
USD
498573.86000000
0.282999492862
Long
DBT
CORP
US
N
2
2031-05-06
Fixed
4.00000000
N
N
N
N
N
N
BANCO BILBAO VIZCAYA ARG
K8MS7FD7N5Z2WQ51AZ71
Banco Bilbao Vizcaya Argentaria SA
05946KAG6
800000.00000000
PA
USD
841000.00000000
0.477366730573
Long
DBT
CORP
ES
N
2
N/A
Fixed
6.50000000
N
N
N
N
N
N
NISOURCE INC
549300D8GOWWH0SJB189
NiSource Inc
65473P881
30000.00000000
NS
USD
810054.00000000
0.459801224218
Long
EP
CORP
US
N
1
N
N
N
QWEST CORP
549300R2L4N683OO1509
Qwest Corp
74913G873
28330.00000000
NS
USD
733894.32000000
0.416571619648
Long
EP
CORP
US
N
1
N
N
N
SVB FINANCIAL GROUP
549300D2KJ20JMXE7542
SVB Financial Group
78486QAP6
450000.00000000
PA
USD
448031.25000000
0.254310598106
Long
DBT
CORP
US
N
2
N/A
Fixed
4.25000000
N
N
N
N
N
N
FIFTH THIRD BANCORP
THRNG6BD57P9QWTQLG42
Fifth Third Bancorp
316773886
51230.00000000
NS
USD
1345555.95000000
0.763761765344
Long
EP
CORP
US
N
1
N
N
N
GOLDMAN SACHS GROUP INC
784F5XWPLTWKTBV3E584
Goldman Sachs Group Inc/The
38144GAB7
250000.00000000
PA
USD
259467.50000000
0.147278421123
Long
DBT
CORP
US
N
2
N/A
Fixed
4.95000000
N
N
N
N
N
N
TRANSCANADA TRUST
549300Y0MFCAXLBWUV51
Transcanada Trust
89356BAE8
1700000.00000000
PA
USD
1808375.00000000
1.026466184780
Long
DBT
CORP
CA
N
2
2079-09-15
Fixed
5.50000000
N
N
N
N
N
N
BNP PARIBAS
R0MUWSFPU8MPRO8K5P83
BNP Paribas SA
05565AAN3
5315000.00000000
PA
USD
5977594.48000000
3.392990170762
Long
DBT
CORP
FR
N
2
N/A
Fixed
7.37500000
N
N
N
N
N
N
HSBC HOLDINGS PLC
MLU0ZO3ML4LN2LL2TL39
HSBC Holdings PLC
404280BL2
350000.00000000
PA
USD
371875.00000000
0.211082940466
Long
DBT
CORP
GB
N
1
N/A
Fixed
6.00000000
N
N
N
N
N
N
COBANK ACB
P0J8I7M2E0A77CKF1705
CoBank ACB
19075QAC6
447000.00000000
PA
USD
496170.00000000
0.281635018678
Long
DBT
USGA
US
N
2
N/A
Fixed
6.25000000
N
N
N
N
N
N
LEHMAN BROS HLDG-ESCROW
N/A
LEHMAN BROS HLDG-ESCROW
000000000
19500.00000000
NS
USD
0.00000000
0.000000
Long
EP
CORP
US
N
N/A
N
N
N
REGIONS FINANCIAL CORP
CW05CS5KW59QTC0DG824
Regions Financial Corp
7591EPAR1
575000.00000000
PA
USD
625312.50000000
0.354938625103
Long
DBT
CORP
US
N
2
N/A
Fixed
5.75000000
N
N
N
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
06738EBG9
1600000.00000000
PA
USD
1754600.00000000
0.995942527305
Long
DBT
CORP
GB
N
1
N/A
Fixed
8.00000000
N
N
N
N
N
N
QWEST CORP
549300R2L4N683OO1509
Qwest Corp
74913G881
22170.00000000
NS
USD
559238.25000000
0.317433692050
Long
EP
CORP
US
N
1
N
N
N
FIRST HORIZON BANK
COOWI3L2W9TPYR3WJX37
First Horizon Bank
337158208
795.00000000
NS
USD
676743.75000000
0.384131927911
Long
EP
CORP
US
N
2
N
N
N
LEHMAN BROS HLDG-ESCROW
N/A
LEHMAN BROS HLDG-ESCROW
000000000
15000.00000000
NS
USD
0.00000000
0.000000
Long
EP
CORP
US
N
N/A
N
N
N
COMERICA INC
I9Q57JVPWHHZ3ZGBW498
Comerica Inc
200340AU1
850000.00000000
PA
USD
924375.00000000
0.524691880587
Long
DBT
CORP
US
N
2
N/A
Fixed
5.62500000
N
N
N
N
N
N
SYNCHRONY FINANCIAL
549300RS7EWPM9MA6C78
Synchrony Financial
87165B202
41500.00000000
NS
USD
1088752.50000000
0.617995506930
Long
EP
CORP
US
N
1
N
N
N
EMERA INC
NQZVQT2P5IUF2PGA1Q48
Emera Inc
290876AD3
2180000.00000000
PA
USD
2560410.00000000
1.453334780769
Long
DBT
CORP
CA
N
2
2076-06-15
Fixed
6.75000000
N
N
N
N
N
N
ARCH CAPITAL GROUP LTD
549300AYR4P8AFKDCE43
Arch Capital Group Ltd
03939A107
10500.00000000
NS
USD
268642.50000000
0.152486316192
Long
EP
CORP
BM
N
1
N
N
N
AXA SA
F5WCUMTUM4RKZ1MAIE39
AXA SA
054536AC1
1423000.00000000
PA
USD
1967297.50000000
1.116673454982
Long
DBT
CORP
FR
N
2
N/A
Fixed
6.37900000
N
N
N
N
N
N
ARBOR REALTY TRUST INC
549300ASFUWYQO0RW077
Arbor Realty Trust Inc
038923876
21190.00000000
NS
USD
534305.85000000
0.303281613247
Long
EP
CORP
US
N
1
N
N
N
KKR REAL ESTATE FIN
549300K23AYZDZ2REL62
KKR Real Estate Finance Trust Inc
48251K209
40000.00000000
NS
USD
1030600.00000000
0.584987101699
Long
EP
CORP
US
N
1
N
N
N
LIBERTY MUTUAL GROUP INC
QUR0DG15Z6FFGYCHH861
Liberty Mutual Group Inc
53079EAN4
3736000.00000000
PA
USD
5240337.76000000
2.974509992379
Long
DBT
CORP
US
N
2
2037-03-15
Fixed
7.80000000
N
N
N
N
N
N
CREDIT SUISSE GROUP AG
549300506SI9CRFV9Z86
Credit Suisse Group AG
225401AL2
1100000.00000000
PA
USD
1172875.00000000
0.665744951392
Long
DBT
CORP
CH
N
2
N/A
Fixed
6.37500000
N
N
N
N
N
N
CREDIT SUISSE GROUP AG
549300506SI9CRFV9Z86
Credit Suisse Group AG
225401AN8
210000.00000000
PA
USD
208446.00000000
0.118317699787
Long
DBT
CORP
CH
N
2
N/A
Fixed
5.10000000
N
N
N
N
N
N
SOUTHERN CAL EDISON
9R1Z5I36FERIBVKW4P77
Southern California Edison Co
842400FU2
445000.00000000
PA
USD
445987.95000000
0.253150784264
Long
DBT
CORP
US
N
2
N/A
Fixed
6.25000000
N
N
N
N
N
N
FIRST CITIZENS BANCSHARE
549300N3Z00ZHE2XC526
First Citizens BancShares Inc/NC
319626305
14600.00000000
NS
USD
385002.00000000
0.218534061836
Long
EP
CORP
US
N
1
N
N
N
HSBC CAPITAL FUNDING USD
213800HMY2DB765NHE46
HSBC Capital Funding Dollar 1 LP
40427LAB0
800000.00000000
PA
USD
1296000.00000000
0.735632916555
Long
DBT
CORP
JE
N
2
N/A
Fixed
10.17600000
N
N
N
N
N
N
BALTA GROUP NV
N/A
LEHMAN BROS HLDG-ESCROW
000000000
25000.00000000
NS
USD
0.00000000
0.000000
Long
EP
CORP
US
N
N/A
N
N
N
CARLYLE FINANCE LLC
N/A
Carlyle Finance LLC
14314C105
11500.00000000
NS
USD
287097.50000000
0.162961706219
Long
EP
CORP
US
N
1
N
N
N
DELPHI FINANCIAL GROUP
5493001NGT0EEYMZG011
Delphi Financial Group Inc
247131303
139279.00000000
NS
USD
3353141.93000000
1.903303686412
Long
EP
CORP
US
N
2
N
N
N
BANCO SANTANDER SA
5493006QMFDDMYWIAM13
Banco Santander SA
05971KAH2
5600000.00000000
PA
USD
5628000.00000000
3.194554054300
Long
DBT
CORP
ES
N
2
N/A
Fixed
4.75000000
N
N
N
N
N
N
CITIZENS FINANCIAL GROUP
2138004JDDA4ZQUPFW65
Citizens Financial Group Inc
174610204
34300.00000000
NS
USD
925585.50000000
0.525378982165
Long
EP
CORP
US
N
1
N
N
N
SIGNATURE BANK NEW YORK
VLP5AP0XK2GM6GKD1007
Signature Bank/New York NY
82669G203
47000.00000000
NS
USD
1199440.00000000
0.680823723328
Long
EP
CORP
US
N
1
N
N
N
SVB FINANCIAL GROUP
549300D2KJ20JMXE7542
SVB Financial Group
78486QAG6
300000.00000000
PA
USD
294750.00000000
0.167305402897
Long
DBT
CORP
US
N
2
N/A
Fixed
4.10000000
N
N
N
N
N
N
LIBERTY MUTUAL GROUP INC
QUR0DG15Z6FFGYCHH861
Liberty Mutual Group Inc
53079EBM5
700000.00000000
PA
USD
697627.00000000
0.395985636325
Long
DBT
CORP
US
N
2
2051-12-15
Fixed
4.12500000
N
N
N
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
06738EBA2
590000.00000000
PA
USD
634250.00000000
0.360011710899
Long
DBT
CORP
GB
N
2
N/A
Fixed
7.75000000
N
N
N
N
N
N
ATHENE HOLDING LTD
549300H316CT32FQXI76
Athene Holding Ltd
04686J309
23000.00000000
NS
USD
637445.00000000
0.361825250380
Long
EP
CORP
BM
N
1
N
N
N
AMERICAN INTL GROUP
ODVCVCQG2BP6VHV36M30
American International Group Inc
026874BS5
1610000.00000000
PA
USD
2401709.45000000
1.363253493381
Long
DBT
CORP
US
N
2
2058-05-15
Fixed
8.17500000
N
N
N
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
000000000
2802000.00000000
PA
USD
2845459.02000000
1.615133732886
Long
DBT
CORP
GB
N
1
N/A
Fixed
7.87500000
N
N
N
N
N
N
RENAISSANCERE HOLDINGS L
EK6GB9U3U58PDI411C94
RenaissanceRe Holdings Ltd
000000000
24900.00000000
NS
USD
607435.50000000
0.344791318274
Long
EP
CORP
BM
N
1
N
N
N
EDISON INTERNATIONAL
549300I7ROF15MAEVP56
Edison International
281020AS6
600000.00000000
PA
USD
616170.00000000
0.349749177618
Long
DBT
CORP
US
N
2
N/A
Fixed
5.37500000
N
N
N
N
N
N
APOLLO MANAGEMENT HOLDIN
5493006XQW0V5K38YM64
Apollo Management Holdings LP
03765HAE1
325000.00000000
PA
USD
337045.49000000
0.191313083966
Long
DBT
CORP
US
N
2
2050-01-14
Fixed
4.95000000
N
N
N
N
N
N
SOCIETE GENERALE
O2RNE8IBXP4R0TD8PU41
Societe Generale SA
83370RAA6
750000.00000000
PA
USD
786210.01000000
0.446266946513
Long
DBT
CORP
FR
N
2
N/A
Fixed
5.37500000
N
N
N
N
N
N
WASHINGTON FEDERAL INC
0003065617
Washington Federal Inc
938824307
18000.00000000
NS
USD
457470.00000000
0.259668202420
Long
EP
CORP
US
N
1
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
95002Y400
40000.00000000
NS
USD
979400.00000000
0.555925060551
Long
EP
CORP
US
N
1
N
N
N
2022-01-21
Flaherty & Crumrine Preferred & Income Fund Inc
Bradford Stone
Bradford Stone
Chief Financial Officer, Treasurer and Vice President