Flaherty & Crumrine Preferred Income 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
July 18, 2019 at 02:38 pm EDT
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Flaherty & Crumrine Preferred Income Fund Inc. declared dividend of $0.075 per share for the month of August, $0.075 per share for the month of September and $0.075 per share for the month of October 2019. The dividend will be payable on August 30, 2019, September 30, 2019 and October 31, 2019 to the holders of record on August 23, 2019, September 23, 2019 and October 24, 2019 and the ex-dividend date is on August 22, 2019, September 20, 2019 and October 23, 2019.
Flaherty & Crumrine Preferred & Income Fund Inc. (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. The Fund's invests in a portfolio of preferred securities. Under normal market conditions, the Fund invests at least 80% of its managed assets in a portfolio of preferred and other income-producing securities. Preferred and other income-producing securities include traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of both equity and debt securities, contingent capital securities (CoCos), subordinated debt and senior debt. The Fund invests at least 25% of its total assets in the financial sector, which comprises banks, financial services, consumer finance, and brokerage and real estate investment trust industries. Flaherty & Crumrine Incorporated is the Fund's investment advisor.
Flaherty & Crumrine Preferred Income 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