Flaherty & Crumrine Preferred Income Fund Incorporated Declares Dividend for the Months of February, March and April 2021, Payable on February 26, 2021, March 31, 2021, April 30, 2021, Respectively
January 20, 2021 at 05:00 pm EST
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The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated declared dividend of $0.0860, $0.0860, $0.0860 per share for February, March and April 2021, respectively, payable on February 26, 2021, March 31, 2021, April 30, 2021with record date of February 19, 2021, March 24, 2021, April 23, 2021 and ex-dividend date of February 18, 2021, March 23, 2021, April 22, 2021, respectively.
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 Incorporated Declares Dividend for the Months of February, March and April 2021, Payable on February 26, 2021, March 31, 2021, April 30, 2021, Respectively