Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of August, September and October 2018, Payable on August 31, 2018, September 28, 2018 and October 31, 2018, Respectively
July 19, 2018 at 03:33 pm EDT
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Flaherty & Crumrine Preferred Income Opportunity Fund Inc. declared dividend of $0.066 per share for the month of August, $0.066 per share for the month of September and $0.066 per share for the month of October 2018. The dividend will be payable on August 31, 2018, September 28, 2018 and October 31, 2018 to the holders of record on August 24, 2018, September 21, 2018 and October 24, 2018 and the ex-dividend date is on August 23, 2018, September 20, 2018 and October 23, 2018.
Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide its common shareholders with a high current income consistent with the preservation of capital. It invests at least 80% of its managed assets in a portfolio of preferred and other income-producing securities. Preferred and other income-producing securities may include, traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of both equity and debt securities, contingent capital securities (CoCos), and others. It invests at least 25% of its total assets in companies principally engaged in the financial services sector. In addition, the Fund may also focus its investments in other sectors or industries, such as energy, industrials, utilities, communications and pipelines, among others. Flaherty & Crumrine Incorporated serves as the Fund's investment adviser.
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. Declares Dividend for the Months of August, September and October 2018, Payable on August 31, 2018, September 28, 2018 and October 31, 2018, Respectively