PFD, PFO, FFC, FLC and DFP Announce Special Year-End Distributions and December and January Dividends

PASADENA, Calif.--(BUSINESS WIRE)--December 11, 2024-- 

The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated $(PFD)$, Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated $(PFO)$, Flaherty & Crumrine Preferred and Income Securities Fund Incorporated $(FFC)$, Flaherty & Crumrine Total Return Fund Incorporated $(FLC)$ and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated $(DFP)$ today announced that they have declared per share dividends for December 2024 and January 2025. In addition, each fund announced a special year-end distribution to be paid this month. These announcements are detailed below:

 
                Special Year-End           December           January 
               -----------------  -----------------  ---------------- 
PFD                      $0.0300            $0.0610           $0.0610 
PFO                      $0.0330            $0.0505           $0.0505 
FFC                      $0.0325            $0.0920           $0.0920 
FLC                      $0.0343            $0.0937           $0.0937 
DFP                      $0.0320            $0.1151           $0.1151 
 
Payment Date   December 31, 2024  December 31, 2024  January 31, 2025 
Record Date    December 23, 2024  December 23, 2024  January 24, 2025 
 

Each fund's fiscal year ended on November 30, 2024. The tax breakdown of all 2024 distributions will be available early in 2025.

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/20241211044057/en/

 
    CONTACT:    Flaherty & Crumrine Incorporated 

Chad Conwell, 626-795-7300

(END) Dow Jones Newswires

December 11, 2024 17:08 ET (22:08 GMT)