Flaherty & Crumrine Preferred Income Fund Inc. Declares Dividend for August, September and October, 2020, Payable on August 31, 2020, September 30, 2020 and October 30, 2020 Respectively
July 22, 2020 at 05:04 pm EDT
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Flaherty & Crumrine Preferred Income Fund Inc. declared dividend of $0.086 per share for August, September and October, 2020. Payment dates are August 31, 2020, September 30, 2020 and October 30, 2020 respectively. Record dates are August 24, 2020, September 23, 2020 and October 23, 2020 respectively. Ex-dividend dates are August 21, 2020, September 22, 2020 and October 22, 2020 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 Inc. Declares Dividend for August, September and October, 2020, Payable on August 31, 2020, September 30, 2020 and October 30, 2020 Respectively