FFC & FLC Declare Monthly Dividend Rates
12 December 2006 - 5:53AM
Business Wire
The Boards of Directors of Flaherty & Crumrine/Claymore
Preferred Securities Income Fund Incorporated (NYSE:FFC) and
Flaherty & Crumrine/Claymore Total Return Fund Incorporated
(NYSE:FLC) today declared the regular monthly dividend rates as
detailed below. The regular monthly dividend rate for FFC remains
unchanged at $0.1275 per share. The regular monthly dividend rate
for FLC remains unchanged at $0.1275 per share. The payment date
for these dividends will be December 29, 2006 to holders of record
of each Fund�s Common Stock on December 21, 2006. The expected
ex-dividend date is December 19, 2006. The tax character of the
2006 distributions to shareholders will be available shortly after
calendar year-end. We anticipate that the regular monthly dividends
will be taxable as ordinary income, although this conclusion is
preliminary and may be subject to change.
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