FLAHERTY & CRUMRINE PREFERRED INCOME OPPORTUNITY FUND INC.

Flaherty & Crumrine Preferred Income Opportunity Fund Inc.

Equities

PFO

US33848E1064

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 04:10:00 2024-05-17 pm EDT			5-day change	1st Jan Change
8.385 ^USD	+0.12%		+1.39%	+5.34%

2023	Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Half Year Ended May 31, 2023	CI
2023	Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Full Year Ended November 30, 2022	CI

F&C PRF INC OPP : PFD and PFO Announce Increased Regular Monthly Dividends

July 19, 2011 at 06:10 pm EDT

MarketScreener.com By

The Boards of Directors of Flaherty & Crumrine Preferred Income Fund Incorporated (NYSE: PFD) and Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated (NYSE: PFO) today approved new regular monthly dividend amounts to be paid in August.

The new regular monthly dividend rate for PFD will be $0.093 per share, which equates to an annual dividend of $1.116 per share. This new monthly dividend represents an increase of approximately 3.3% over the prior monthly dividend.

The new regular monthly dividend rate for PFO will be $0.0755 per share, which equates to an annual dividend of $0.906 per share. This new monthly dividend represents an increase of approximately 2.7% over the prior monthly dividend.

The August monthly dividend will be paid on August 31, 2011. Record and expected ex-dividend dates will be announced early next month.

Donald F. Crumrine, Chairman of the Boards of the funds, said, "We are very pleased that both funds continue to deliver on their objectives of high current income. The continued recovery of the funds' net asset values allowed them to increase their borrowings throughout the first half of the fiscal year. Earnings from that additional borrowing, together with very low borrowing costs, allows the funds to earn additional income that can be distributed to shareholders."

PFD was organized in 1991 and PFO was organized in 1992 as closed-end, diversified investment companies which invest primarily in preferred securities. Each Fund's investment objective for holders of its common stock is high current income consistent with preservation of capital. PFD and PFO 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 securities. Flaherty & Crumrine also manages two other U.S. closed-end funds: Flaherty & Crumrine/Claymore Preferred Securities Income Fund (NYSE: FFC); and Flaherty & Crumrine/Claymore Total Return Fund (NYSE: FLC).

PRESS, ANALYST, SHAREHOLDER INQUIRIES:
Flaherty & Crumrine Incorporated
Donald F. Crumrine
626-795-7300
Pasadena, California
crumrine@pfdincome.com
Website: www.preferredincome.com

Latest news about Flaherty & Crumrine Preferred Income Opportunity Fund Inc.

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Half Year Ended May 31, 2023	23-08-03	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Full Year Ended November 30, 2022	23-02-01	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Half Year Ended May 31, 2022	22-07-29	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Full Year Ended November 30, 2021	22-02-04	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Half Year Ended May 31, 2021	21-07-30	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Full Year Ended November 30, 2020	21-01-29	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of February, March and April 2021, Payable on February 26, 2021, March 31, 2021, April 30, 2021, Respectively	21-01-20	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of December 2020 and January 2021, Payable on December 31, 2020 and January 29, 2021 Respectively	20-12-10	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Announces Special Year-End Dividend, Payable on December 31, 2020	20-12-10	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for November, 2020, Payable on November 30, 2020	20-10-22	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Half Year Ended May 31, 2020	20-07-31	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for August, September and October, 2020, Payable on August 31, 2020, September 30, 2020 and October 30, 2020 Respectively	20-07-22	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for May, June and July, Payable on May 29, 2020, June 30, 2020 and July 31, 2020 Respectively	20-04-24	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Full Year Ended November 30, 2019	20-01-29	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of February 2020 and March 2020 and April 2020, Payable on February 28, 2020 and March 31, 2020 and April 30, 2020 Respectively	20-01-23	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Special Year Ended Distributions, Payable on December 31, 2019; Declares Dividend for the Months of December 2019 and January 2020, Payable on December 31, 2019 and January 31, 2020 Respectively	19-12-10	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Half Year Ended May 31, 2019	19-07-29	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of August, September and October 2019, Payable on August 30, 2019, September 30, 2019 and October 31, 2019, Respectively	19-07-18	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated will Change its Name to Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated	19-07-05	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of May, June and July 2019, Payable on May 31, 2019, June 28, 2019 and July 31, 2019 respectively	19-04-25	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Reports Earnings Results for the Full Year Ended November 30, 2018	19-01-29	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of February, March and April 2019, Payable on February 28, 2019, and March 29, 2019 and April 30, 2019 Respectively	19-01-24	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated Declares Dividend for the Months of December 2018 and January 2019, Payable on December 31, 2018 and January 31, 2019 Respectively	18-12-11	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for November 2018, Payable on November 30, 2018	18-10-19	CI
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of August, September and October 2018, Payable on August 31, 2018, September 28, 2018 and October 31, 2018, Respectively	18-07-19	CI

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Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide its common shareholders with a high current income consistent with the preservation of capital. It invests at least 80% of its managed assets in a portfolio of preferred and other income-producing securities. Preferred and other income-producing securities may include, traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of both equity and debt securities, contingent capital securities (CoCos), and others. It invests at least 25% of its total assets in companies principally engaged in the financial services sector. In addition, the Fund may also focus its investments in other sectors or industries, such as energy, industrials, utilities, communications and pipelines, among others. Flaherty & Crumrine Incorporated serves as the Fund's investment adviser.

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