Flaherty & Crumrine PREFERRED & INCOME OPPORTUNITY FUND INC

Flaherty & Crumrine Preferred Income Opportunity Fund Inc. is a closed-ended equity mutual fund. The fund is managed by Flaherty & Crumrine Incorporated and invests in the public equity markets of the United States. It focuses on stocks of companies within the financial services sector, primarily investing in preferred securities. The fund benchmarks its performance against the S&P 500 Index and the Barclays Capital U.S. Aggregate Index. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. was formed on December 10, 1991, and is domiciled in the United States.