Flaherty & Crumrine Preferred Income Fund Incorporated Declares Dividend for the Months of December 2020 and January 2021, Payable on December 31, 2020 and January 29, 2021 Respectively
December 10, 2020 at 09:29 pm
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Flaherty & Crumrine Preferred Income Fund Incorporated declared a dividend of $0.0860 per share for the months of December 2020 and January 2021. This dividend are payable on December 31, 2020 and January 29, 2021 respectively, with a record date of December 23, 2020 and January 22, 2021 respectively and ex-dividend date of December 22, 2020 and January 21, 2021 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 Incorporated Declares Dividend for the Months of December 2020 and January 2021, Payable on December 31, 2020 and January 29, 2021 Respectively