Flaherty & Crumrine Preferred Income Fund Inc. Declares Dividend for May, June and July, Payable on May 29, 2020, June 30, 2020 and July 31, 2020 Respectively
April 24, 2020 at 05:30 pm
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Flaherty & Crumrine Preferred Income Fund Inc. declared dividend of $0.078 per share for May, June and July, 2020. May dividend payment date is May 29, 2020, record date is May 22, 2020 and ex-dividend date is May 21, 2020. June dividend payment date is June 30, 2020, record date is June 23, 2020 and ex-dividend date is June 22, 2020. July dividend payment date is July 31, 2020, record date is July 24, 2020 and ex-dividend date is July 23, 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 Income Fund Inc. Declares Dividend for May, June and July, Payable on May 29, 2020, June 30, 2020 and July 31, 2020 Respectively