FLAHERTY & CRUMRINE PREFERRED & INCOME FUND INC

Flaherty & Crumrine Preferred Income Fund Inc. is a closed-ended equity mutual fund managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States, specifically focusing on the stocks of companies within the financials sector. Its primary investment strategy involves preferred securities. The fund measures its performance against two benchmarks: the Barclays Capital U.S. Aggregate Index and the S&P 500 Index. Flaherty & Crumrine Preferred Income Fund Inc. was established on September 28, 1990, and is based in the United States.