Flaherty & Crumrine Preferred Income Fund Inc. 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 Fund declared dividend of $0.078 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 $0.075 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 & 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 the Months of December 2018 and January 2019, Payable on December 31, 2018 and January 31, 2019 Respectively