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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-06179
Flaherty & Crumrine Preferred Income Fund Incorporated
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(Exact name of registrant as specified in charter)
301 E. Colorado Boulevard, Suite 720
Pasadena, CA 91101
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(Address of principal executive offices) (Zip code)
Donald F. Crumrine
Flaherty & Crumrine Incorporated
301 E. Colorado Boulevard, Suite 720
Pasadena, CA 91101
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(Name and address of agent for service)
Registrant's telephone number, including area code: 626-795-7300
Date of fiscal year end: November 30
Date of reporting period: July 1, 2010 - June 30, 2011
Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (Sections 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. Section 3507.
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PROXY VOTING RECORD
FOR PERIOD JULY 1, 2010 TO JUNE 30, 2011
FORM N-PX SPREADSHEET*
REGISTRANT NAME: Flaherty & Crumrine Preferred Income Fund Incorporated
INVESTMENT COMPANY ACT FILE NUMBER: 811 - 06179
REPORTING PERIOD: 07/01/2010 - 06/30/2011
REGISTRANT ADDRESS: 301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101
NAME OF SERIES (AS APPLICABLE):
FUND'S VOTE
FOR OR
AGAINST
PROPOSAL, OR
ABSTAIN; FOR WHETHER
WHO WHETHER OR WITHHOLD VOTE WAS
ISSUER OF EXCHANGE SHAREHOLDER SUMMARY OF PROPOSED FUND CAST REGARDING FOR OR
PORTFOLIO TICKER MEETING MATTER MATTER:ISSUER/ VOTE ON ELECTION OF AGAINST
SECURITY SYMBOL CUSIP # DATE VOTED ON SHAREHOLDER MATTER DIRECTORS MANAGEMENT
-------------------- -------- --------- ----------- --------------------- --------------- --------- ------------ ----------
BANK OF AMERICA CORP BAC 060505559 5/11/2011 An advisory Issuer Yes For For
"say on pay"
vote to approve
executive
compensation
BANK OF AMERICA CORP BAC 060505559 5/11/2011 An advisory Issuer Yes For For
vote on the
frequency of
future advisory
"say on pay" Votes
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Approve auditor Issuer Yes For For
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Approve Issuer Yes For For
directors
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Cumulative voting in Security Yes Against For
contested elections Holder
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Disclosure of Security Yes Against For
government employment Holder
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Grassroots lobbying Security Yes Against For
Holder
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Mortgage servicing Security Yes Against For
operations Holder
BANK OF AMERICA CORP BAC 060505559 5/11/2011 OTC Derivatives Security Yes Against For
trading Holder
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Prohibition of Security Yes Against For
certain Holder
relocation benefits
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Recoupment Security Yes Against For
of incentive Holder
compensation
BANK OF AMERICA CORP BAC 060505559 5/11/2011 Stockholder Security Yes Against For
action by Holder
written consent
BANK OF AMERICA CORP BAC 060505575 5/11/2011 An advisory Issuer Yes For For
"say on pay"
vote to approve
executive
compensation
BANK OF AMERICA CORP BAC 060505575 5/11/2011 An advisory Issuer Yes For For
vote on the
frequency of
future advisory
"say on pay"votes
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Approve auditor Issuer Yes For For
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Approve directors Issuer Yes For For
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Cumulative Security Yes Against For
voting in Holder
contested elections
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Disclosure of Security Yes Against For
government Holder
employment
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Grassroots Security Yes Against For
lobbying Holder
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Mortgage Security Yes Against For
servicing Holder
operations
BANK OF AMERICA CORP BAC 060505575 5/11/2011 OTC Derivatives Security Yes Against For
Trading Holder
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Prohibition of Security Yes Against For
certain relocation Holder
benefits
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Recoupment of Security Yes Against For
incentive compensation Holder
BANK OF AMERICA CORP BAC 060505575 5/11/2011 Stockholder action Security Yes Against For
by written consent Holder
CIT Group Inc CIT 125581801 5/10/2011 Approve auditor Issuer Yes For For
CIT Group Inc CIT 125581801 5/10/2011 Approve Issuer Yes For For
compensation
of executive
officers
CIT Group Inc CIT 125581801 5/10/2011 Approve directors Issuer Yes For For
CIT Group Inc CIT 125581801 5/10/2011 Approve employee Issuer Yes For For
stock purchase plan
,including the
number of shares
available
for purchase
CIT Group Inc CIT 125581801 5/10/2011 Recomend the Issuer Yes For For
frequency
with which CIT
holds stockholder
advisory
votes on executive
compensation
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* Complete for each series of the Registrant, as applicable.
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant Flaherty & Crumrine Preferred Income Fund Incorporated
By (Signature and Title)* /s/ Donald F. Crumrine
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Donald F. Crumrine, Director, Chairman of the Board
and Chief Executive Officer
(principal executive officer)
Date August 18, 2011
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* Print the name and title of each signing officer under his or her signature.