Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated Declares Dividend for the Months of December 2018 and January 2019, Payable on December 31, 2018 and January 31, 2019 Respectively
December 11, 2018 at 08:52 pm
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Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated declared dividend of $0.066 per share for the month of December 2018, payable on December 31, 2018 with record date on December 21, 2018 and Ex-dividend date is on December 20, 2018.
The company declared dividend of $0.0625 per share for the month of January 2019, payable on January 31, 2019 with record date on January 24, 2019 and Ex-dividend date is on January 23, 2019.
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide its common shareholders with a high current income consistent with the preservation of capital. It invests at least 80% of its managed assets in a portfolio of preferred and other income-producing securities. Preferred and other income-producing securities may include, traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of both equity and debt securities, contingent capital securities (CoCos), and others. It invests at least 25% of its total assets in companies principally engaged in the financial services sector. In addition, the Fund may also focus its investments in other sectors or industries, such as energy, industrials, utilities, communications and pipelines, among others. Flaherty & Crumrine Incorporated serves as the Fund's investment adviser.
Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated Declares Dividend for the Months of December 2018 and January 2019, Payable on December 31, 2018 and January 31, 2019 Respectively