0001752724-21-014352.txt : 20210127
0001752724-21-014352.hdr.sgml : 20210127
20210127172151
ACCESSION NUMBER: 0001752724-21-014352
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201130
FILED AS OF DATE: 20210127
PERIOD START: 20201130
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: FLAHERTY & CRUMRINE TOTAL RETURN FUND INC
CENTRAL INDEX KEY: 0001245648
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1130
FILING VALUES:
FORM TYPE: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21380
FILM NUMBER: 21560973
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/CLAYMORE TOTAL RETURN FUND INC
DATE OF NAME CHANGE: 20030623
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Flaherty & Crumrine Total Return Fund Incorporated
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301 East Colorado Boulevard
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Pasadena
91101
626-795-7300
Flaherty & Crumrine Total Return Fund Incorporated
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2020-11-30
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DBT
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USD
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Credit Agricole SA
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395000.00000000
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USD
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DBT
CORP
FR
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KEYCORP
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KeyCorp
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USD
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EP
CORP
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HSBC Capital Funding Dollar 1 LP
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USD
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Truist Financial Corp
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USD
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DBT
CORP
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N
1
N/A
Fixed
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N
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Cullen/Frost Bankers Inc
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31000.00000000
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USD
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EP
CORP
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N
N
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Everest Reinsurance Holdings Inc
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PA
USD
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0.625706823373
Long
DBT
CORP
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N
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2037-05-15
Floating
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QWEST CORP
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Qwest Corp
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41820.00000000
NS
USD
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Long
EP
CORP
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N
1
N
N
N
ACE CAPITAL TRUST II
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ACE Capital Trust II
00440FAA2
1550000.00000000
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USD
2352637.85000000
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Long
DBT
CORP
US
N
2
2030-04-01
Fixed
9.70000000
N
N
N
N
N
N
BNP PARIBAS
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BNP Paribas SA
05565AAQ6
2000000.00000000
PA
USD
2036250.00000000
0.924776802976
Long
DBT
CORP
FR
N
2
N/A
Fixed
7.62500000
N
N
N
N
N
N
ASSURANT INC
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Assurant Inc
04621X306
28000.00000000
NS
USD
769020.00000000
0.349255669502
Long
EP
CORP
US
N
1
N
N
N
CNO FINANCIAL GROUP INC
11XPYHB76MPM4Y4P2897
CNO Financial Group Inc
12621E301
16100.00000000
NS
USD
419646.50000000
0.190585315481
Long
EP
CORP
US
N
1
N
N
N
M&T BANK CORPORATION
549300WYXDDBYRASEG81
M&T Bank Corp
55261FAG9
3500000.00000000
PA
USD
3867045.00000000
1.756244818693
Long
DBT
CORP
US
N
2
N/A
Fixed
6.45000000
N
N
N
N
N
N
EMERA INC
NQZVQT2P5IUF2PGA1Q48
Emera Inc
290876AD3
2940000.00000000
PA
USD
3372606.30000000
1.531692116297
Long
DBT
CORP
CA
N
2
2076-06-15
Fixed
6.75000000
N
N
N
N
N
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FIRST CITIZENS BANCSHARE
549300N3Z00ZHE2XC526
First Citizens BancShares Inc/NC
319626305
19620.00000000
NS
USD
513651.60000000
0.233278371757
Long
EP
CORP
US
N
1
N
N
N
SOCIETE GENERALE
O2RNE8IBXP4R0TD8PU41
Societe Generale SA
83370RAA6
1000000.00000000
PA
USD
1039400.00000000
0.472050587606
Long
DBT
CORP
FR
N
1
N/A
Fixed
5.37500000
N
N
N
N
N
N
SOUTHERN CO
549300FC3G3YU2FBZD92
Southern Co/The
842587800
16070.00000000
NS
USD
441041.15000000
0.200301841462
Long
EP
CORP
US
N
1
N
N
N
FIRST HORIZON NATIONAL
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First Horizon National Corp
320517402
18000.00000000
NS
USD
487980.00000000
0.221619439811
Long
EP
CORP
US
N
1
N
N
N
CREDIT SUISSE GROUP AG
549300506SI9CRFV9Z86
Credit Suisse Group AG
225401AN8
280000.00000000
PA
USD
293510.00000000
0.133299565103
Long
DBT
CORP
CH
N
2
N/A
Fixed
5.10000000
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N
N
N
N
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CREDIT SUISSE GROUP AG
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Credit Suisse Group AG
225401AK4
1000000.00000000
PA
USD
1126445.00000000
0.511582667073
Long
DBT
CORP
CH
N
2
N/A
Fixed
7.25000000
N
N
N
N
N
N
FIFTH THIRD BANCORP
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Fifth Third Bancorp
316773886
68236.00000000
NS
USD
1858537.11000000
0.844067283878
Long
EP
CORP
US
N
1
N
N
N
BANCO BILBAO VIZCAYA ARG
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Banco Bilbao Vizcaya Argentaria SA
05946KAG6
1000000.00000000
PA
USD
1058879.56000000
0.480897362422
Long
DBT
CORP
ES
N
1
N/A
Fixed
6.50000000
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N
N
N
N
N
EQUITABLE HOLDINGS INC
549300FIBAKMNHPZ4009
Equitable Holdings Inc
29452EAA9
150000.00000000
PA
USD
157500.00000000
0.071529697467
Long
DBT
CORP
US
N
2
N/A
Fixed
4.95000000
N
N
N
N
N
N
SCE TRUST V
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SCE Trust V
78409W201
42740.00000000
NS
USD
1038795.70000000
0.471776140646
Long
EP
CORP
US
N
1
N
N
N
HSBC HOLDINGS PLC
MLU0ZO3ML4LN2LL2TL39
HSBC Holdings PLC
404280BL2
500000.00000000
PA
USD
542650.00000000
0.246448192577
Long
DBT
CORP
GB
N
1
N/A
Fixed
6.00000000
N
N
N
N
N
N
PULTE GROUP INC
N/A
PulteGroup Inc
745867AM3
2160000.00000000
PA
USD
3225474.00000000
1.464870980381
Long
DBT
CORP
US
N
2
2032-06-15
Fixed
7.87500000
N
N
N
N
N
N
NY COMMUNITY BANCORP INC
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New York Community Bancorp Inc
649445202
235200.00000000
NS
USD
6363336.00000000
2.889952374385
Long
EP
CORP
US
N
1
N
N
N
BANCO BILBAO VIZCAYA ARG
K8MS7FD7N5Z2WQ51AZ71
Banco Bilbao Vizcaya Argentaria SA
05946KAF8
3000000.00000000
PA
USD
3114000.00000000
1.414244304219
Long
DBT
CORP
ES
N
1
N/A
Fixed
6.12500000
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N
N
N
N
N
STANDARD CHARTERED PLC
U4LOSYZ7YG4W3S5F2G91
Standard Chartered PLC
853254BH2
1500000.00000000
PA
USD
1633860.00000000
0.742028644474
Long
DBT
CORP
GB
N
2
N/A
Fixed
7.75000000
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N
N
N
N
N
BNP PARIBAS
R0MUWSFPU8MPRO8K5P83
BNP Paribas SA
05565AAN3
7830000.00000000
PA
USD
9068666.85000000
4.118596801374
Long
DBT
CORP
FR
N
2
N/A
Fixed
7.37500000
N
N
N
N
N
N
DEUTSCHE BANK AG
7LTWFZYICNSX8D621K86
Deutsche Bank AG
251525AX9
400000.00000000
PA
USD
396000.00000000
0.179846096490
Long
DBT
CORP
DE
N
2
N/A
Fixed
6.00000000
N
N
N
N
N
N
WESBANCO INC
0001070448
WesBanco Inc
950810705
49000.00000000
NS
USD
1350685.00000000
0.613422789995
Long
EP
CORP
US
N
1
N
N
N
AXA SA
F5WCUMTUM4RKZ1MAIE39
AXA SA
054536AC1
620000.00000000
PA
USD
867426.50000000
0.393947651558
Long
DBT
CORP
FR
N
2
N/A
Fixed
6.37900000
N
N
N
N
N
N
RENAISSANCERE HOLDINGS L
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RenaissanceRe Holdings Ltd
75968N309
16900.00000000
NS
USD
467687.22000000
0.212403335594
Long
EP
CORP
BM
N
1
N
N
N
DCP MIDSTREAM OPERATING
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DCP Midstream Operating LP
23311RAH9
750000.00000000
PA
USD
603221.25000000
0.273957038213
Long
DBT
CORP
US
N
2
2043-05-21
Fixed
5.85000000
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N
N
N
N
N
REGIONS FINANCIAL CORP
CW05CS5KW59QTC0DG824
Regions Financial Corp
7591EPAR1
775000.00000000
PA
USD
848625.00000000
0.385408822308
Long
DBT
CORP
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N
1
N/A
Fixed
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N
N
N
N
N
METLIFE INC
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MetLife Inc
59156RBS6
5335000.00000000
PA
USD
8142469.81000000
3.697958108887
Long
DBT
CORP
US
N
2
2038-04-08
Fixed
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N
N
N
N
N
ENBRIDGE INC
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Enbridge Inc
29250NBC8
380000.00000000
PA
USD
414803.66000000
0.188385906719
Long
DBT
CORP
CA
N
1
2080-07-15
Fixed
5.75000000
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N
N
N
N
N
CITIZENS FINANCIAL GROUP
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Citizens Financial Group Inc
174610204
49100.00000000
NS
USD
1363752.50000000
0.619357484101
Long
EP
CORP
US
N
1
N
N
N
ANNALY CAPITAL MGMT
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Annaly Capital Management Inc
035710870
4540.00000000
NS
USD
108120.10000000
0.049103479639
Long
EP
CORP
US
N
1
N
N
N
BANCO MERCANTIL DE NORTE
549300QTVYRPFHS0J362
Banco Mercantil del Norte SA/Grand Cayman
05962GAJ8
710000.00000000
PA
USD
774539.00000000
0.351762160933
Long
DBT
CORP
MX
N
2
N/A
Fixed
7.62500000
N
N
N
N
N
N
GENERAL MOTORS FINL CO
5493008B6JBRUJ90QL97
General Motors Financial Co Inc
37045XCA2
610000.00000000
PA
USD
626775.00000000
0.284654134161
Long
DBT
CORP
US
N
1
N/A
Fixed
5.75000000
N
N
N
N
N
N
CAPITAL ONE FINANCIAL CO
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Capital One Financial Corp
14040H824
19820.00000000
NS
USD
514031.70000000
0.233450996760
Long
EP
CORP
US
N
1
N
N
N
BBVA BANCOMER SA TEXAS
549300WIWQK5Q9MCUN92
BBVA Bancomer SA/Texas
05533UAG3
670000.00000000
PA
USD
734782.30000000
0.333706384912
Long
DBT
CORP
MX
N
2
2034-09-13
Fixed
5.87500000
N
N
N
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746465
106200.00000000
NS
USD
3016611.00000000
1.370014426717
Long
EP
CORP
US
N
1
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967341
227619.00000000
NS
USD
6496246.26000000
2.950314473993
Long
EP
CORP
US
N
1
N
N
N
DIME COMMUNITY BANCSHRS
0002487650
Dime Community Bancshares Inc
25432G208
39000.00000000
NS
USD
971880.00000000
0.441385919841
Long
EP
CORP
US
N
1
N
N
N
OCEAN SPRAY CRANBERRIES
F58I6BK23LKYT8F1SB71
Ocean Spray Cranberries Inc
675022404
34700.00000000
NS
USD
2784675.00000000
1.264679112990
Long
EP
CORP
US
N
2
N
N
N
DCP MIDSTREAM LP
52990024YYS3MLGW0E91
DCP Midstream LP
23311PAA8
1550000.00000000
PA
USD
1141187.50000000
0.518278073834
Long
DBT
CORP
US
N
2
N/A
Fixed
7.37500000
N
N
N
N
N
N
AERCAP HOLDINGS NV
549300SZYINBBLJQU475
AerCap Holdings NV
00774YAA7
2530000.00000000
PA
USD
2395517.85000000
1.087940743423
Long
DBT
CORP
NL
N
2
2079-10-10
Fixed
5.87500000
N
N
N
N
N
N
COBANK ACB
P0J8I7M2E0A77CKF1705
CoBank ACB
19075Q862
17500.00000000
NS
USD
1895250.00000000
0.860740692862
Long
EP
USGA
US
N
2
N
N
N
ATHENE HOLDING LTD
549300H316CT32FQXI76
Athene Holding Ltd
04686J309
31000.00000000
NS
USD
855445.00000000
0.388506171748
Long
EP
CORP
BM
N
1
N
N
N
PROVIDENT FINANCING TR I
N/A
Provident Financing Trust I
743863AA0
5803000.00000000
PA
USD
6720684.45000000
3.052244606252
Long
DBT
CORP
US
N
2
2038-03-15
Fixed
7.40500000
N
N
N
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
94988U128
41000.00000000
NS
USD
1051445.00000000
0.477520906374
Long
EP
CORP
US
N
1
N
N
N
BlackRock Liquidity Funds T-Fund
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BlackRock Liquidity Funds T-Fund
09248U718
1192260.61000000
NS
USD
1192260.61000000
0.541473274514
Long
STIV
RF
US
N
1
N
N
N
TRANSCANADA TRUST
N/A
Transcanada Trust
89356BAE8
2250000.00000000
PA
USD
2465504.64000000
1.119725720663
Long
DBT
CORP
CA
N
1
2079-09-15
Fixed
5.50000000
N
N
N
N
N
N
SOUTHERN CO
549300FC3G3YU2FBZD92
Southern Co/The
842587DF1
900000.00000000
PA
USD
941912.15000000
0.427775816702
Long
DBT
CORP
US
N
1
2051-01-15
Fixed
4.00000000
N
N
N
N
N
N
NISOURCE INC
549300D8GOWWH0SJB189
NiSource Inc
65473PAG0
440000.00000000
PA
USD
451215.60000000
0.204922637211
Long
DBT
CORP
US
N
2
N/A
Fixed
5.65000000
N
N
N
N
N
N
AUST & NZ BANKING GRP/UK
JHE42UYNWWTJB8YTTU19
Australia & New Zealand Banking Group Ltd/United Kingdom
05254HAA2
2550000.00000000
PA
USD
2947659.75000000
1.338699747018
Long
DBT
CORP
AU
N
2
N/A
Fixed
6.75000000
N
N
N
N
N
N
UBS GROUP AG
549300SZJ9VS8SGXAN81
UBS Group AG
90352JAF0
2500000.00000000
PA
USD
2742362.50000000
1.245462602996
Long
DBT
CORP
CH
N
2
N/A
Fixed
7.00000000
N
N
N
N
N
N
ENERGY TRANSFER OPERATNG
5493008K8W3OKZE54J59
Energy Transfer Operating LP
29278N400
2100.00000000
NS
USD
45580.50000000
0.020700694447
Long
EP
CORP
US
N
1
N
N
N
BANK OF AMERICA CORP
9DJT3UXIJIZJI4WXO774
Bank of America Corp
060505FL3
1990000.00000000
PA
USD
2233532.96000000
1.014374202622
Long
DBT
CORP
US
N
1
N/A
Fixed
5.87500000
N
N
N
N
N
N
ENERGY TRANSFER OPERATNG
5493008K8W3OKZE54J59
Energy Transfer Operating LP
29278N301
136020.00000000
NS
USD
2830916.25000000
1.285679891549
Long
EP
CORP
US
N
1
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967MK4
450000.00000000
PA
USD
460541.25000000
0.209157944659
Long
DBT
CORP
US
N
1
N/A
Fixed
4.70000000
N
N
N
N
N
N
PNC FINANCIAL SERVICES
CFGNEKW0P8842LEUIA51
PNC Financial Services Group Inc/The
693475857
176430.00000000
NS
USD
4668778.88000000
2.120357719557
Long
EP
CORP
US
N
1
N
N
N
CITIZENS FINANCIAL GROUP
2138004JDDA4ZQUPFW65
Citizens Financial Group Inc
174610AQ8
1300000.00000000
PA
USD
1326955.50000000
0.602645875988
Long
DBT
CORP
US
N
2
N/A
Fixed
6.37500000
N
N
N
N
N
N
GOLDMAN SACHS GROUP INC
784F5XWPLTWKTBV3E584
Goldman Sachs Group Inc/The
38148BAE8
830000.00000000
PA
USD
914684.90000000
0.415410375716
Long
DBT
CORP
US
N
1
N/A
Fixed
5.50000000
N
N
N
N
N
N
ASPEN INSURANCE HLDG LTD
549300YX6HECG9XQCQ75
Aspen Insurance Holdings Ltd
000000000
5674.00000000
NS
USD
153658.73000000
0.069785158540
Long
EP
CORP
BM
N
1
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
06738EBG9
2285000.00000000
PA
USD
2548962.83000000
1.157628825945
Long
DBT
CORP
GB
N
1
N/A
Fixed
8.00000000
N
N
N
N
N
N
VODAFONE GROUP PLC
213800TB53ELEUKM7Q61
Vodafone Group PLC
92857WBQ2
900000.00000000
PA
USD
1107646.49000000
0.503045195751
Long
DBT
CORP
GB
N
1
2079-04-04
Fixed
7.00000000
N
N
N
N
N
N
GENERAL MOTORS FINL CO
5493008B6JBRUJ90QL97
General Motors Financial Co Inc
37045XDB9
800000.00000000
PA
USD
880000.00000000
0.399657992200
Long
DBT
CORP
US
N
1
N/A
Fixed
5.70000000
N
N
N
N
N
N
ENERGY TRANSFER OPERATNG
5493008K8W3OKZE54J59
Energy Transfer Operating LP
29278N509
169000.00000000
NS
USD
3817287.50000000
1.733647111253
Long
EP
CORP
US
N
1
N
N
N
HUNTINGTON BANCSHARES
549300XTVCVV9I7B5T19
Huntington Bancshares Inc/OH
446150AV6
405000.00000000
PA
USD
420228.00000000
0.190849407666
Long
DBT
CORP
US
N
1
N/A
Fixed
4.45000000
N
N
N
N
N
N
AMERICAN INTL GROUP
ODVCVCQG2BP6VHV36M30
American International Group Inc
026874BS5
2150000.00000000
PA
USD
3142768.46000000
1.427309696222
Long
DBT
CORP
US
N
2
2058-05-15
Fixed
8.17500000
N
N
N
N
N
N
BANCO MERCANTIL DE NORTE
549300QTVYRPFHS0J362
Banco Mercantil del Norte SA/Grand Cayman
05971PAB4
492000.00000000
PA
USD
533451.00000000
0.242270404088
Long
DBT
CORP
MX
N
2
N/A
Fixed
7.50000000
N
N
N
N
N
N
ZIONS BANCORP NA
8WH0EE09O9V05QJZ3V89
Zions Bancorp NA
989701818
10900.00000000
NS
USD
308851.50000000
0.140267011793
Long
EP
CORP
US
N
1
N
N
N
VALLEY NATIONAL BANCORP
549300ET52S1UBIB9762
Valley National Bancorp
919794305
38203.00000000
NS
USD
974367.52000000
0.442515643987
Long
EP
CORP
US
N
1
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
06738EBN4
980000.00000000
PA
USD
1055985.10000000
0.479582823704
Long
DBT
CORP
GB
N
1
N/A
Fixed
6.12500000
N
N
N
N
N
N
FULTON FINANCIAL CORP
5493005QLZ6O1BNC0C11
Fulton Financial Corp
360271308
11400.00000000
NS
USD
302727.00000000
0.137485528414
Long
EP
CORP
US
N
1
N
N
N
GOLDMAN SACHS GROUP INC
784F5XWPLTWKTBV3E584
Goldman Sachs Group Inc/The
38144GAB7
300000.00000000
PA
USD
314625.00000000
0.142889086132
Long
DBT
CORP
US
N
2
N/A
Fixed
4.95000000
N
N
N
N
N
N
ZIONS BANCORP NA
8WH0EE09O9V05QJZ3V89
Zions Bancorp NA
989701859
5000.00000000
NS
USD
144075.00000000
0.065432642302
Long
EP
CORP
US
N
1
N
N
N
DCP MIDSTREAM LP
52990024YYS3MLGW0E91
DCP Midstream LP
23311P209
5200.00000000
NS
USD
109746.00000000
0.049841893195
Long
EP
CORP
US
N
1
N
N
N
PARTNERRE LTD
7LLHQS68KCIGNZBR7918
PartnerRe Ltd
000000000
13539.00000000
NS
USD
348131.01000000
0.158106068726
Long
EP
CORP
BM
N
1
N
N
N
BANK OF AMERICA CORP
9DJT3UXIJIZJI4WXO774
Bank of America Corp
06055H400
32000.00000000
NS
USD
838720.00000000
0.380910399112
Long
EP
CORP
US
N
1
N
N
N
GOLDMAN SACHS GROUP INC
784F5XWPLTWKTBV3E584
Goldman Sachs Group Inc/The
38148B108
57668.00000000
NS
USD
1637482.86000000
0.743673991012
Long
EP
CORP
US
N
1
N
N
N
PEOPLE'S UNITED FIN INC
ROPY7PEPIPIDJNF0BO69
People's United Financial Inc
712704204
23066.00000000
NS
USD
645199.85000000
0.293021905249
Long
EP
CORP
US
N
1
N
N
N
TRANSCANADA TRUST
N/A
Transcanada Trust
89356BAB4
300000.00000000
PA
USD
333325.56000000
0.151382072794
Long
SN
CORP
CA
N
2
2076-08-15
Fixed
5.87500000
N
N
N
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746556
81100.00000000
NS
USD
2130805.18000000
0.967719681829
Long
EP
CORP
US
N
1
N
N
N
MORGAN STANLEY
IGJSJL3JD5P30I6NJZ34
Morgan Stanley
61762V200
86900.00000000
NS
USD
2536611.00000000
1.152019158243
Long
EP
CORP
US
N
1
N
N
N
ENSTAR FINANCE LLC
N/A
Enstar Finance LLC
29360AAA8
575000.00000000
PA
USD
599178.74000000
0.272121104770
Long
DBT
CORP
US
N
2
2040-09-01
Fixed
5.75000000
N
N
N
N
N
N
QBE INSURANCE GROUP LTD
549300D2FBW76FPUSG65
QBE Insurance Group Ltd
74737EAA2
5300000.00000000
PA
USD
6055568.00000000
2.750177441495
Long
DBT
CORP
AU
N
2
2043-11-24
Fixed
7.50000000
N
N
N
N
N
N
TRUIST FINANCIAL CORP
549300DRQQI75D2JP341
Truist Financial Corp
89832QAE9
1175000.00000000
PA
USD
1289562.50000000
0.585663590417
Long
DBT
CORP
US
N
2
N/A
Fixed
4.95000000
N
N
N
N
N
N
COBANK ACB
P0J8I7M2E0A77CKF1705
CoBank ACB
19075Q870
9984.00000000
NS
USD
1033344.00000000
0.469300213969
Long
EP
USGA
US
N
2
N
N
N
VOYA FINANCIAL INC
549300T065Z4KJ686G75
Voya Financial Inc
929089209
33000.00000000
NS
USD
921772.50000000
0.418629257518
Long
EP
CORP
US
N
1
N
N
N
STATE STREET CORP
549300ZFEEJ2IP5VME73
State Street Corp
857477608
20947.00000000
NS
USD
593166.67000000
0.269390682241
Long
EP
CORP
US
N
1
N
N
N
SYNOVUS FINANCIAL CORP
549300EIUS8UN5JTLE54
Synovus Financial Corp
87161C709
91848.00000000
NS
USD
2470848.97000000
1.122152884524
Long
EP
CORP
US
N
1
N
N
N
ASPEN INSURANCE HLDG LTD
549300YX6HECG9XQCQ75
Aspen Insurance Holdings Ltd
000000000
25000.00000000
NS
USD
654125.00000000
0.297075322895
Long
EP
CORP
BM
N
1
N
N
N
SBL HOLDINGS INC
N/A
SBL Holdings Inc
78397DAA6
1300000.00000000
PA
USD
1082250.00000000
0.491511206885
Long
DBT
CORP
US
N
2
N/A
Fixed
7.00000000
N
N
N
N
N
N
FIRST HORIZON BANK
COOWI3L2W9TPYR3WJX37
First Horizon Bank
337158AJ8
1000000.00000000
PA
USD
1166905.37000000
0.529958019616
Long
DBT
CORP
US
N
2
2030-05-01
Fixed
5.75000000
N
N
N
N
N
N
STANDARD CHARTERED PLC
U4LOSYZ7YG4W3S5F2G91
Standard Chartered PLC
853254BA7
3510000.00000000
PA
USD
3671477.55000000
1.667426529594
Long
DBT
CORP
GB
N
2
N/A
Fixed
7.50000000
N
N
N
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967JM4
1120000.00000000
PA
USD
1209123.31000000
0.549131584543
Long
DBT
CORP
US
N
1
N/A
Fixed
5.95000000
N
N
N
N
N
N
AXIS CAPITAL HLDGS LTD
N/A
Axis Capital Holdings Ltd
05461T305
1631.00000000
NS
USD
42251.06000000
0.019188606599
Long
EP
CORP
BM
N
1
N
N
N
METLIFE INC
C4BXATY60WC6XEOZDX54
MetLife Inc
59156RAV0
4130000.00000000
PA
USD
7085914.80000000
3.218116456675
Long
DBT
CORP
US
N
2
2039-08-01
Fixed
10.75000000
N
N
N
N
N
N
NISOURCE INC
549300D8GOWWH0SJB189
NiSource Inc
65473P881
40000.00000000
NS
USD
1122900.00000000
0.509972681184
Long
EP
CORP
US
N
1
N
N
N
ALGONQUIN PWR & UTILITY
549300K5VIUTJXQL7X75
Algonquin Power & Utilities Corp
015857808
54010.00000000
NS
USD
1502693.23000000
0.682458362722
Long
EP
CORP
CA
N
1
N
N
N
FIRST HORIZON BANK
COOWI3L2W9TPYR3WJX37
First Horizon Bank
337158208
875.00000000
NS
USD
694531.25000000
0.315426096472
Long
EP
CORP
US
N
2
N
N
N
LEHMAN BROS HLDG-ESCROW
N/A
LEHMAN BROS HLDG-ESCROW
000000000
20000.00000000
NS
USD
0.00000000
0.000000
Long
EP
CORP
US
N
N/A
N
N
N
DELPHI FINANCIAL GROUP
5493001NGT0EEYMZG011
Delphi Financial Group Inc
247131303
224200.00000000
NS
USD
4484000.00000000
2.036439132987
Long
EP
CORP
US
N
2
N
N
N
ATHENE HOLDING LTD
549300H316CT32FQXI76
Athene Holding Ltd
000000000
120000.00000000
NS
USD
3384600.00000000
1.537139136821
Long
EP
CORP
BM
N
1
N
N
N
JPMORGAN CHASE & CO
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co
46625HJQ4
4791000.00000000
PA
USD
5352401.47000000
2.430829573810
Long
DBT
CORP
US
N
1
N/A
Fixed
6.75000000
N
N
N
N
N
N
STERLING BANCORP/DE
549300LQK6SKH5ZXO648
Sterling Bancorp/DE
85917A209
13416.00000000
NS
USD
365539.04000000
0.166012044087
Long
EP
CORP
US
N
1
N
N
N
DISCOVER FINANCIAL SVS
Z1YLO2USPORE63VVUL20
Discover Financial Services
254709AQ1
880000.00000000
PA
USD
972400.00000000
0.441622081381
Long
DBT
CORP
US
N
2
N/A
Fixed
6.12500000
N
N
N
N
N
N
ZIONS BANCORP NA
8WH0EE09O9V05QJZ3V89
Zions Bancorp NA
989701BF3
1800000.00000000
PA
USD
1876500.00000000
0.852225252687
Long
DBT
CORP
US
N
2
N/A
Fixed
7.20000000
N
N
N
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
000000000
3220000.00000000
PA
USD
3396932.56000000
1.542740052921
Long
DBT
CORP
GB
N
1
N/A
Fixed
7.87500000
N
N
N
N
N
N
COMED FINANCING III
N/A
ComEd Financing III
20035AAA2
3394000.00000000
PA
USD
4014289.24000000
1.823116792922
Long
DBT
CORP
US
N
2
2033-03-15
Fixed
6.35000000
N
N
N
N
N
N
APOLLO MANAGEMENT HOLDIN
5493006XQW0V5K38YM64
Apollo Management Holdings LP
03765HAE1
440000.00000000
PA
USD
449714.35000000
0.204240834301
Long
DBT
CORP
US
N
2
2050-01-14
Fixed
4.95000000
N
N
N
N
N
N
MORGAN STANLEY
IGJSJL3JD5P30I6NJZ34
Morgan Stanley
61762V606
213700.00000000
NS
USD
6244314.00000000
2.835897722626
Long
EP
CORP
US
N
1
N
N
N
SOUTHERN CAL EDISON
9R1Z5I36FERIBVKW4P77
Southern California Edison Co
842400FU2
600000.00000000
PA
USD
606274.99000000
0.275343915028
Long
DBT
CORP
US
N
2
N/A
Fixed
6.25000000
N
N
N
N
N
N
LAND O'LAKES INC
4ONCJWH5BBCYSJIJYX61
Land O' Lakes Inc
514666AM8
4350000.00000000
PA
USD
4151183.25000000
1.885288139719
Long
DBT
CORP
US
N
2
N/A
Fixed
7.25000000
N
N
N
N
N
N
TEXAS CAPITAL BANCSHARES
549300466Q2SXRX0YM48
Texas Capital Bancshares Inc
882228307
175067.00000000
NS
USD
4504473.91000000
2.045737498626
Long
EP
CORP
US
N
1
N
N
N
ENBRIDGE INC
98TPTUM4IVMFCZBCUR27
Enbridge Inc
29250NAN5
1500000.00000000
PA
USD
1584119.82000000
0.719438803030
Long
DBT
CORP
CA
N
1
2077-01-15
Fixed
6.00000000
N
N
N
N
N
N
COBANK ACB
P0J8I7M2E0A77CKF1705
CoBank ACB
19075Q805
25000.00000000
NS
USD
2637500.00000000
1.197838584579
Long
EP
USGA
US
N
2
N
N
N
FT REAL ESTATE SECS CO
0002671824
FT Real Estate Securities Co Inc
302663208
3.00000000
NS
USD
3907500.00000000
1.774617732414
Long
EP
CORP
US
N
2
N
N
N
CREDIT SUISSE GROUP AG
549300506SI9CRFV9Z86
Credit Suisse Group AG
225401AL2
1500000.00000000
PA
USD
1671877.50000000
0.759294550972
Long
DBT
CORP
CH
N
2
N/A
Fixed
6.37500000
N
N
N
N
N
N
ENERGY TRANSFER OPERATNG
5493008K8W3OKZE54J59
Energy Transfer Operating LP
29278NAT0
901000.00000000
PA
USD
855724.75000000
0.388633222115
Long
DBT
CORP
US
N
2
N/A
Fixed
7.12500000
N
N
N
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746RN3
1250000.00000000
PA
USD
1371862.50000000
0.623040695824
Long
DBT
CORP
US
N
2
N/A
Fixed
5.87500000
N
N
N
N
N
N
ENTERPRISE PRODUCTS OPER
5493004LGN656HWLDA30
Enterprise Products Operating LLC
29379VBN2
1000000.00000000
PA
USD
988145.06000000
0.448772807594
Long
DBT
CORP
US
N
1
2077-08-16
Fixed
5.25000000
N
N
N
N
N
N
MORGAN STANLEY
IGJSJL3JD5P30I6NJZ34
Morgan Stanley
61763E207
89000.00000000
NS
USD
2535610.00000000
1.151564547277
Long
EP
CORP
US
N
1
N
N
N
COBANK ACB
P0J8I7M2E0A77CKF1705
CoBank ACB
19075QAC6
609000.00000000
PA
USD
663810.00000000
0.301473831594
Long
DBT
USGA
US
N
2
N/A
Fixed
6.25000000
N
N
N
N
N
N
BANCORP SOUTH
Q7C315HKI8VX0SSKBS64
BancorpSouth Bank
05971J201
34400.00000000
NS
USD
905236.00000000
0.411119093440
Long
EP
CORP
US
N
1
N
N
N
CREDIT SUISSE GROUP AG
549300506SI9CRFV9Z86
Credit Suisse Group AG
225401AJ7
1100000.00000000
PA
USD
1200320.00000000
0.545133501361
Long
DBT
CORP
CH
N
2
N/A
Fixed
7.50000000
N
N
N
N
N
N
PARTNERRE FINANCE B LLC
549300O0FAGHK2F79881
PartnerRe Finance B LLC
70213BAC5
965000.00000000
PA
USD
1003483.76000000
0.455738982645
Long
DBT
CORP
US
N
2
2050-10-01
Fixed
4.50000000
N
N
N
N
N
N
SEMPRA ENERGY
PBBKGKLRK5S5C0Y4T545
Sempra Energy
816851BK4
1400000.00000000
PA
USD
1484000.00000000
0.673968705029
Long
DBT
CORP
US
N
1
N/A
Fixed
4.87500000
N
N
N
N
N
N
HSBC HOLDINGS PLC
MLU0ZO3ML4LN2LL2TL39
HSBC Holdings PLC
404280BC2
1370000.00000000
PA
USD
1397400.00000000
0.634638725342
Long
DBT
CORP
GB
N
1
N/A
Fixed
6.87500000
N
N
N
N
N
N
MERCHANTS BANCORP
54930008Y0GPVLF81889
Merchants Bancorp/IN
58844R603
21000.00000000
NS
USD
556815.00000000
0.252881323781
Long
EP
CORP
US
N
1
N
N
N
NUSTAR LOGISTICS LP
N62BF2PKP51FIIOIUN20
NuStar Logistics LP
67059T204
45500.00000000
NS
USD
950126.45000000
0.431506396981
Long
EP
CORP
US
N
1
N
N
N
ENERGY TRANSFER OPERATNG
5493008K8W3OKZE54J59
Energy Transfer Operating LP
29273RBC2
940000.00000000
PA
USD
1241924.08000000
0.564028277589
Long
DBT
CORP
US
N
2
2029-11-15
Fixed
8.25000000
N
N
N
N
N
N
BARCLAYS PLC
213800LBQA1Y9L22JB70
Barclays PLC
06738EBA2
1310000.00000000
PA
USD
1408781.01000000
0.639807488531
Long
DBT
CORP
GB
N
1
N/A
Fixed
7.75000000
N
N
N
N
N
N
HUNTINGTON BANCSHARES
549300XTVCVV9I7B5T19
Huntington Bancshares Inc/OH
446150AT1
1175000.00000000
PA
USD
1362412.50000000
0.618748913976
Long
DBT
CORP
US
N
2
N/A
Fixed
5.62500000
N
N
N
N
N
N
STIFEL FINANCIAL CORP
549300E5F07FE5GHJX84
Stifel Financial Corp
860630706
29000.00000000
NS
USD
790685.00000000
0.359094976776
Long
EP
CORP
US
N
1
N
N
N
CENTERPOINT ENERGY INC
21TPXMRRHFKOBHDC8J74
CenterPoint Energy Inc
15189TAS6
900000.00000000
PA
USD
929807.51000000
0.422278412022
Long
DBT
CORP
US
N
1
N/A
Fixed
6.12500000
N
N
N
N
N
N
HUNTINGTON BANCSHARES
549300XTVCVV9I7B5T19
Huntington Bancshares Inc/OH
446150AL8
1400000.00000000
PA
USD
1396220.00000000
0.634102820307
Long
DBT
CORP
US
N
2
N/A
Fixed
5.70000000
N
N
N
N
N
N
PARTNERRE LTD
7LLHQS68KCIGNZBR7918
PartnerRe Ltd
000000000
26750.00000000
NS
USD
684933.75000000
0.311067326494
Long
EP
CORP
BM
N
1
N
N
N
ARCH CAPITAL GROUP LTD
549300AYR4P8AFKDCE43
Arch Capital Group Ltd
03939A107
14200.00000000
NS
USD
378501.00000000
0.171898806484
Long
EP
CORP
BM
N
1
N
N
N
SCE TRUST II
N/A
SCE Trust II
78407R204
176.00000000
NS
USD
4346.30000000
0.001973901740
Long
EP
CORP
US
N
1
N
N
N
SOCIETE GENERALE
O2RNE8IBXP4R0TD8PU41
Societe Generale SA
83367TBU2
6000000.00000000
PA
USD
6667500.00000000
3.028090526135
Long
DBT
CORP
FR
N
2
N/A
Fixed
6.75000000
N
N
N
N
N
N
JPMORGAN CHASE & CO
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co
46625HHA1
2923000.00000000
PA
USD
2916354.03000000
1.324482041109
Long
DBT
CORP
US
N
1
N/A
Floating
3.68438000
N
N
N
N
N
N
LIBERTY MUTUAL GROUP INC
QUR0DG15Z6FFGYCHH861
Liberty Mutual Group Inc
53079EAN4
6351000.00000000
PA
USD
8138205.19000000
3.696021302674
Long
DBT
CORP
US
N
2
2037-03-15
Fixed
7.80000000
N
N
N
N
N
N
COMERICA INC
I9Q57JVPWHHZ3ZGBW498
Comerica Inc
200340AU1
1150000.00000000
PA
USD
1265000.00000000
0.574508363788
Long
DBT
CORP
US
N
1
N/A
Fixed
5.62500000
N
N
N
N
N
N
REGIONS FINANCIAL CORP
CW05CS5KW59QTC0DG824
Regions Financial Corp
7591EP704
125350.00000000
NS
USD
3561506.88000000
1.617482600988
Long
EP
CORP
US
N
1
N
N
N
ENSTAR GROUP LTD
213800AMAL5QFXVUCN04
Enstar Group Ltd
29359U109
61000.00000000
NS
USD
1711812.50000000
0.777431303152
Long
EP
CORP
BM
N
1
N
N
N
GENERAL MOTORS FINL CO
5493008B6JBRUJ90QL97
General Motors Financial Co Inc
37045XCM6
1000000.00000000
PA
USD
1068730.00000000
0.485371006823
Long
DBT
CORP
US
N
1
N/A
Fixed
6.50000000
N
N
N
N
N
N
WINTRUST FINANCIAL CORP
Q774KI4AW80FHFW33O61
Wintrust Financial Corp
97650W504
48000.00000000
NS
USD
1337520.00000000
0.607443815600
Long
EP
CORP
US
N
1
N
N
N
QWEST CORP
549300R2L4N683OO1509
Qwest Corp
74913G881
29941.00000000
NS
USD
771130.46000000
0.350214149282
Long
EP
CORP
US
N
1
N
N
N
AMERICAN EQUITY INVESTME
549300RK5RZQ740FPL83
American Equity Investment Life Holding Co
025676503
67000.00000000
NS
USD
1736305.00000000
0.788554738804
Long
EP
CORP
US
N
1
N
N
N
TRUIST FINANCIAL CORP
549300DRQQI75D2JP341
Truist Financial Corp
89832Q695
20000.00000000
NS
USD
534300.00000000
0.242655983219
Long
EP
CORP
US
N
1
N
N
N
MPLX LP
5493000CZJ19CK4P3G36
MPLX LP
55336VAU4
2120000.00000000
PA
USD
1934500.00000000
0.878566347627
Long
DBT
CORP
US
N
2
N/A
Fixed
6.87500000
N
N
N
N
N
N
INDIANAPOLIS P&L
2T85JNP2R2B2GTSFND21
Indianapolis Power & Light Co
455434878
17800.00000000
NS
USD
1856718.00000000
0.843241122685
Long
EP
CORP
US
N
2
N
N
N
QBE INSURANCE GROUP LTD
549300D2FBW76FPUSG65
QBE Insurance Group Ltd
74728GAE0
675000.00000000
PA
USD
740812.50000000
0.336445041303
Long
DBT
CORP
AU
N
2
N/A
Fixed
5.87500000
N
N
N
N
N
N
LLOYDS BANKING GROUP PLC
549300PPXHEU2JF0AM85
Lloyds Banking Group PLC
539439AU3
2750000.00000000
PA
USD
3115200.00000000
1.414789292391
Long
DBT
CORP
GB
N
1
N/A
Fixed
7.50000000
N
N
N
N
N
N
BNP PARIBAS
R0MUWSFPU8MPRO8K5P83
BNP Paribas SA
05565AGF4
560000.00000000
PA
USD
664756.40000000
0.301903645598
Long
DBT
CORP
FR
N
2
N/A
Fixed
7.00000000
N
N
N
N
N
N
CITIGROUP INC
6SHGI4ZSSLCXXQSBB395
Citigroup Inc
172967358
155338.00000000
NS
USD
4484608.06000000
2.036715287576
Long
EP
CORP
US
N
1
N
N
N
HUNTINGTON BANCSHARES
549300XTVCVV9I7B5T19
Huntington Bancshares Inc/OH
446150708
138172.00000000
NS
USD
3551020.40000000
1.612720094691
Long
EP
CORP
US
N
1
N
N
N
HEARTLAND FINANCIAL USA
549300QF7B0DFZT32C73
Heartland Financial USA Inc
42234Q201
42600.00000000
NS
USD
1204089.00000000
0.546845218376
Long
EP
CORP
US
N
1
N
N
N
METLIFE CAPITAL TRUST IV
0004254959
MetLife Capital Trust IV
591560AA5
577000.00000000
PA
USD
809300.20000000
0.367549196613
Long
DBT
CORP
US
N
2
2037-12-15
Fixed
7.87500000
N
N
N
N
N
N
LAND O'LAKES INC
4ONCJWH5BBCYSJIJYX61
Land O' Lakes Inc
514666AN6
1500000.00000000
PA
USD
1413517.50000000
0.641958597716
Long
DBT
CORP
US
N
2
N/A
Fixed
7.00000000
N
N
N
N
N
N
JPMORGAN CHASE & CO
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co
48126HAA8
750000.00000000
PA
USD
789532.54000000
0.358571579220
Long
DBT
CORP
US
N
1
N/A
Fixed
6.00000000
N
N
N
N
N
N
WELLS FARGO & COMPANY
PBLD0EJDB5FWOLXP3B76
Wells Fargo & Co
949746804
325.00000000
NS
USD
457437.50000000
0.207748355462
Long
EP
CORP
US
N
1
N
N
N
FIFTH THIRD BANCORP
THRNG6BD57P9QWTQLG42
Fifth Third Bancorp
316773605
287265.00000000
NS
USD
8299804.01000000
3.769412507155
Long
EP
CORP
US
N
1
N
N
N
LIBERTY MUTUAL INSURANCE
CNC20I6IOMGF7KY49D67
Liberty Mutual Insurance Co
53079QAD9
3000000.00000000
PA
USD
4901518.89000000
2.226058179899
Long
DBT
CORP
US
N
2
2097-10-15
Fixed
7.69700000
N
N
N
N
N
N
AXIS SPECIALTY FINANCE
N/A
AXIS Specialty Finance LLC
05463HAC5
880000.00000000
PA
USD
910493.19000000
0.413506682077
Long
DBT
CORP
US
N
2
2040-01-15
Fixed
4.90000000
N
N
N
N
N
N
HSBC HOLDINGS PLC
MLU0ZO3ML4LN2LL2TL39
HSBC Holdings PLC
404280BP3
4265000.00000000
PA
USD
4774603.53000000
2.168418704948
Long
DBT
CORP
GB
N
1
N/A
Fixed
6.50000000
N
N
N
N
N
N
ARCH CAPITAL GROUP LTD
549300AYR4P8AFKDCE43
Arch Capital Group Ltd
03939A206
16000.00000000
NS
USD
410800.00000000
0.186567617268
Long
EP
CORP
BM
N
1
N
N
N
MORGAN STANLEY
IGJSJL3JD5P30I6NJZ34
Morgan Stanley
61745VAB9
640000.00000000
PA
USD
664000.00000000
0.301560121387
Long
DBT
CORP
US
N
2
N/A
Fixed
5.30000000
N
N
N
N
N
N
INTEGRYS HOLDING INC
549300J4ZRR1SZF4ES33
Integrys Holding Inc
45822P204
94233.00000000
NS
USD
2553365.64000000
1.159628392087
Long
EP
CORP
US
N
2
N
N
N
2021-01-26
Flaherty & Crumrine Total Return Fund Inc
Bradford Stone
Bradford Stone
Chief Financial Officer, Treasurer and Vice President