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AI brief of an SEC Form 8-K · FLAHERTY & CRUMRINE PREFERRED & INCOME FUND INC (PFD)

Flaherty & Crumrine Preferred Income Fund to rename, revise investment policy July 5

Neutral Impact 2 of 5 other Written later

The board of Flaherty & Crumrine Preferred Income Fund approved a name change to Flaherty & Crumrine Preferred and Income Fund and revised its non-fundamental investment policy on April 23, 2019. The changes take effect on or about July 5, 2019, and the fund will still invest at least 80% of its Managed Assets in preferred and other income-producing securities.

Key points

  • Board approved the name change and policy changes on April 23, 2019
  • Policy now requires at least 80% of Managed Assets in preferred and other income-producing securities, up from 80% of assets in preferred securities
  • Policy is non-fundamental, so the board can change it without shareholder approval
  • Changes take effect on or about July 5, 2019

The filing

CompanyFLAHERTY & CRUMRINE PREFERRED & INCOME FUND INC (PFD)
Form8-K, current report
Filed with the SECMay 2, 2019, 4:49 PM ET
Accession number0001387131-19-003274

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2019.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.