David Gale - Flaherty Crumrine Independent Director

FFC Fund  USD 15.49  0.05  0.32%   
David Gale is Fund Manager at Flaherty Crumrine Preferred
Mr. David Gale is an Independent Director of Flaherty Crumrine Preferred Securities Income Fund Inc. Mr. Gale was President and Chief Executive Officer of Delta Dividend Group, Inc., a San Franciscobased investment management firm, since 1992. Prior to joining Delta Dividend Group, Inc., Mr. Gale was a Principal with Morgan Stanley from 1983 to 1990, and a Managing Director of Lehman Brothers Holdings Inc. from 1990 to 1992. Mr. Gale previously served as a director of Emmis Communications.
Age 70
Tenure 32 years
Phone626-795-7300
Webhttps://www.flahertyfunds.com/funds/ffc-preferred-securities-income-fund/

Flaherty Crumrine Management Performance (%)

The company has Return on Asset of 3.29 % which means that on every $100 spent on assets, it made $3.29 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of (10.12) %, meaning that it generated no profit with money invested by stockholders. Flaherty Crumrine's management efficiency ratios could be used to measure how well Flaherty Crumrine manages its routine affairs as well as how well it operates its assets and liabilities.
Flaherty Crumrine Preferred has 502 M in debt with debt to equity (D/E) ratio of 0.59, which is OK given its current industry classification. Flaherty Crumrine has a current ratio of 7.68, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Flaherty Crumrine until it has trouble settling it off, either with new capital or with free cash flow. So, Flaherty Crumrine's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Flaherty Crumrine sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Flaherty to invest in growth at high rates of return. When we think about Flaherty Crumrine's use of debt, we should always consider it together with cash and equity.

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Flaherty Crumrine Preferred Securities Income Fund Inc. is a closed-ended balanced mutual fund launched and managed by Flaherty Crumrine Incorporated. Flaherty Crumrine Preferred Securities Income Fund Inc. was formed on May 23, 2002 and is domiciled in the United States. Flaherty CrumrineClaymore operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not classified under any group at the present time.

Management Performance

Flaherty Crumrine Leadership Team

Elected by the shareholders, the Flaherty Crumrine's board of directors comprises two types of representatives: Flaherty Crumrine inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flaherty. The board's role is to monitor Flaherty Crumrine's management team and ensure that shareholders' interests are well served. Flaherty Crumrine's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flaherty Crumrine's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bradford Stone, Chief Financial Officer, Vice President and Treasurer
Morgan Gust, Lead Independent Director
Linda Puchalski, Assistant Treasurer
Chad Conwell, Vice President Chief Compliance Officer, Secretary
Karen Hogan, Independent Director
Roger Ko, Assistant Treasurer
Laurie Lodolo, Assistant Compliance Officer, Assistant Treasurer and Assistant Secretary
R Chadwick, Chairman of the Board, Chief Executive Officer, President and Director
David Gale, Independent Director

Flaherty Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Flaherty Crumrine a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Flaherty Fund

Flaherty Crumrine financial ratios help investors to determine whether Flaherty Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Flaherty with respect to the benefits of owning Flaherty Crumrine security.
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