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Stock Market & Financial Investment News

News Breaks
December 10, 2012
17:28 EDTFLC, FFCF&C/Claymore Prf Sec Income announce special dividends and lower mothly dividend
The boards of Flaherty & Crumrine/Claymore Preferred Securities Income Fund Incorporated (FFC) and Flaherty & Crumrine/Claymore Total Return Fund Incorporated (FLC) declared regular monthly dividends and declared a special year-end dividend to be paid in December. The regular monthly dividend rate for FFC will continue to be 13.6c per share, which equates to an annual dividend of $1.63 per share. In addition, shareholders will receive a special year-end dividend from net investment income of 11.7c per share. The new regular monthly dividend rate for FLC will be 13.6c per share, which equates to an annual dividend of $1.63 per share. This new monthly dividend represents a decrease of approximately 2.5% from the prior monthly dividend. In addition, shareholders will receive a special year-end dividend from net investment income of 8.5c per share.
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