Flaherty & Crumrine Preferred Income 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
January 24, 2019 at 04:05 pm EST
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Flaherty & Crumrine Preferred Income Fund declared dividend of $0.075 per share for the month of February 2019, payable on February 28, 2019, with record date on February 21, 2019 and Ex-dividend date is on February 20, 2019.
The company declared dividend of $0.075 per share for the month of March 2019, payable on March 29, 2019 with record date March 22, 2019 and Ex-dividend date is on March 21, 2019.
The company declared dividend of $0.075 per share for the month of April 2019, payable on April 30, 2019 with record date April 23, 2019 and Ex-dividend date is on April 22, 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 February, March and April 2019, Payable on February 28, 2019, and March 29, 2019 and April 30, 2019 Respectively