PFD, PFO, FFC, FLC and DFP Announce February, March and April Dividends

The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities 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 February, March and April 2023 as detailed below:

 

February

 

March

 

April

PFD

$0.0590

 

$0.0590

 

$0.0590

PFO

$0.0500

 

$0.0500

 

$0.0500

FFC

$0.0930

 

$0.0930

 

$0.0930

FLC

$0.0955

 

$0.0955

 

$0.0955

DFP

$0.1145

 

$0.1145

 

$0.1145

 

 

 

 

 

 

Payment Date

February 28, 2023

 

March 31, 2023

 

April 28, 2023

Record Date

February 21, 2023

 

March 24, 2023

 

April 21, 2023

Ex-Dividend Date

February 17, 2023

 

March 23, 2023

 

April 20, 2023

Each fund’s fiscal year ends on November 30, 2023. The tax breakdown of all 2023 distributions will be available early in 2024.

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. 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 and other income-producing 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 income-producing securities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005445/en/

Flaherty & Crumrine Incorporated Chad Conwell, 626-795-7300