0000899140-09-000292.txt : 20130430
0000899140-09-000292.hdr.sgml : 20130430
20090210172157
ACCESSION NUMBER: 0000899140-09-000292
CONFORMED SUBMISSION TYPE: CORRESP
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20090210
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Flaherty & Crumrine PREFERRED INCOME OPPORTUNITY FUND INC
CENTRAL INDEX KEY: 0000882071
IRS NUMBER: 954355600
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1130
FILING VALUES:
FORM TYPE: CORRESP
BUSINESS ADDRESS:
STREET 1: 301 E COLORADO BLVD STE 720
STREET 2: C/O FLAHERTY & CRUMRINE INC
CITY: PASADENA
STATE: CA
ZIP: 91101
BUSINESS PHONE: (626) 795-7300
MAIL ADDRESS:
STREET 1: 301 COLORADO BLVD STE 720
STREET 2: C/O FLAHERTY & CRUMRINE INC
CITY: PASADENA
STATE: CA
ZIP: 91101
FORMER COMPANY:
FORMER CONFORMED NAME: PREFERRED INCOME OPPORTUNITY FUND INC
DATE OF NAME CHANGE: 19920929
CORRESP
1
filename1.txt
[Willkie Farr & Gallagher letterhead]
VIA EDGAR
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February 10, 2009
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Flaherty & Crumrine Preferred Income Fund Incorporated
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Investment Company Act File Number 811-06179
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Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated
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Investment Company Act File Number 811-06495
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Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated
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Investment Company Act File Number 811-21129
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Flaherty & Crumrine/Claymore Total Return Fund Incorporated
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Investment Company Act File Number 811-21380
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Ladies and Gentlemen:
On behalf of the above referenced investment companies, each a Maryland
corporation (together, the "Funds"), I hereby transmit for filing pursuant to
the Securities Exchange Act of 1934, as amended (the "1934 Act"), and the
Investment Company Act of 1940, as amended, the preliminary joint proxy
statement, notice of annual meetings of shareholders and forms of proxy card
relating to the annual meetings of the shareholders of the Funds.
In addition to the solicitation of each Fund's shareholders to elect the
directors of the Fund, the shareholders of Flaherty & Crumrine Preferred Income
Opportunity Fund Incorporated ("PFO") are also being solicited to approve a
change to PFO's fundamental investment policy regarding concentration of
investments. Currently, PFO has a policy to invest, under normal market
conditions,at least 25% of its total assets in securities issued by companies in
the utilities industry. The proposal, if approved, would require PFO, under
normal market conditions, also to invest at least 25% of its total assets in
securities issued by companies in the banking industry.
Please be advised, in accordance with the requirements of Rule 14a-6(d)
under the 1934 Act, that the Funds propose to prepare definitive materials and
mail those materials to shareholders of the Funds on the earliest date
practicable. We would therefore appreciate receiving any comments of the
Commission's staff on the enclosed preliminary proxy materials as soon as
possible so as to facilitate these arrangements.
Securities and Exchange Commission
February 10, 2009
Page 2
Should members of the staff have any questions or comments regarding the
enclosed materials, they should call the undersigned at (212) 728-8178.
Very truly yours,
/s/ Mary C. Carty
Mary C. Carty
Enclosures
cc: Donald Crumrine
Rose F. DiMartino
Chad Conwell