Flaherty & Crumrine Preferred Income Fund Inc. Declares Dividend for the Months of May, June and July, 2019, Payable on May 31, 2019, and June 28, 2019 and July 31, 2019 Respectively
April 25, 2019 at 01:58 pm EDT
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Flaherty & Crumrine Preferred Income Fund declared dividend of $0.075 per share for the month of May 2019, payable on May 31, 2019, with record date on May 23, 2019 and Ex-dividend date is on May 22, 2019.
The company declared dividend of $0.075 per share for the month of June 2019, payable on June 28, 2019 with record date June 21, 2019 and Ex-dividend date is on June 20, 2019.
The company declared dividend of $0.075 per share for the month of July 2019, payable on July 31, 2019 with record date July 24, 2019 and Ex-dividend date is on July 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 May, June and July, 2019, Payable on May 31, 2019, and June 28, 2019 and July 31, 2019 Respectively