PFD, PFO, FFC, FLC and DFP Announce November Dividends
20 October 2018 - 6:00AM
Business Wire
The Boards of Directors of Flaherty & Crumrine Preferred
Income Fund Incorporated (NYSE: PFD), Flaherty &
Crumrine Preferred Income Opportunity Fund Incorporated (NYSE:
PFO), Flaherty & Crumrine Preferred Securities Income Fund
Incorporated (NYSE: FFC), Flaherty & Crumrine Total
Return Fund Incorporated (NYSE: FLC) and Flaherty &
Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE:
DFP) today announced that they have declared per share
dividends for November as follows:
November PFD $0.078 PFO $0.066 FFC $0.114 FLC $0.119
DFP $0.148 Payment Date November 30, 2018 Record Date
November 23, 2018 Ex-Dividend Date November 21, 2018
With a fiscal year end of November 30, 2018, and consistent with
prior years, the funds currently expect that December dividends
will be declared during the week of December 10, 2018. The tax
breakdown of all 2018 distributions will be available early in
2019, but at this point the funds anticipate that the dividends
detailed above will consist of net investment income and not
capital gains or return of capital.
Website: www.preferredincome.com
Past performance is not indicative of future performance. An
investor should consider the fund’s investment objective, risks,
charges and expenses carefully before investing.
To the extent any portion of the distribution is estimated to be
sourced from something other than income, such as return of
capital, the source would be disclosed on a Section 19(a)-1 letter
located under the “SEC Filings and News” section of the funds’
website, www.preferredincome.com. The actual amounts and sources of
the amounts for tax reporting purposes will depend upon a fund’s
investment performance during the remainder of its fiscal year and
may be subject to change based on tax regulations. A distribution
rate that is largely comprised of sources other than income may not
be reflective of a fund’s performance.
PFD, PFO and FFC invest primarily in preferred securities with
an investment objective of high current income consistent with
preservation of capital. FLC invests primarily in preferred and
other income-producing securities with a primary investment
objective of high current income and a secondary objective of
capital appreciation. DFP invests primarily in preferred and other
income-producing securities with an investment objective of total
return, with an emphasis on high current income. PFD, PFO, FFC, FLC
and DFP are managed by Flaherty & Crumrine Incorporated, an
independent investment adviser which was founded in 1983 to
specialize in the management of portfolios of preferred and related
securities.
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version on businesswire.com: https://www.businesswire.com/news/home/20181019005542/en/
Flaherty & Crumrine IncorporatedChad Conwell,
626-795-7300
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