Flaherty & Crumrine Preferred and Income Fund Incorporated. Declares Dividend for the Months of February 2020 and March 2020 and April 2020, Payable on February 28, 2020 and March 31, 2020 and April 30, 2020 Respectively
January 23, 2020 at 04:56 pm EST
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Flaherty & Crumrine Preferred and Income Fund Incorporated declared dividend of $0.0750 per share for the month of February 2019, payable on February 28, 2020 with record date on
February 21, 2020
and Ex-dividend date is on February 21, 2020
.
The company declared dividend of $0.0750 per share for the month of March 2020, payable on February 21, 2020 with record date on March 24, 2020
and Ex-dividend date is on April 23, 2020.
The company declared dividend of $0.0750 per share for the month of April 2020, payable on April 30, 2020 with record date on April 23, 2020
and Ex-dividend date is on April 22, 2020.
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 and Income Fund Incorporated. Declares Dividend for the Months of February 2020 and March 2020 and April 2020, Payable on February 28, 2020 and March 31, 2020 and April 30, 2020 Respectively