Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC

Flaherty & Crumrine Preferred Securities Income Fund Inc. is a closed-ended balanced mutual fund. It is managed by Flaherty & Crumrine Incorporated and invests in the public equity and fixed income markets of the United States. The fund aims to invest in securities of companies across diversified sectors, primarily focusing on investment grade preferred securities, including hybrid or taxable preferreds. It uses quantitative analysis to build its portfolio. The fund measures its performance against the Merrill Lynch 8% Capped DRD Preferred Stock Index, Merrill Lynch Hybrid Preferred Securities Index, and Merrill Lynch Adjustable Preferred Stock 7% Constrained Index. The fund was formed on May 23, 2002, and is based in the United States. It was previously known as Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated.