- Notice by closed-end investment companies of intention to call or redeem their own securities (N-23C-2)
March 27 2009 - 3:49PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
RULE 23C-2 NOTICE OF INTENTION
TO REDEEM SECURITIES
OF
FLAHERTY & CRUMRINE/CLAYMORE
TOTAL RETURN FUND INCORPORATED
301 E. Colorado Boulevard, Suite 720
Pasadena, CA 91101
(626) 795-7300
under the
Investment Company Act of 1940
Investment Company Act File No. 811-21380
The undersigned registered closed-end investment company
hereby notifies the Securities and Exchange Commission that it intends to redeem
securities of which it is the issuer, as set forth below in accordance with the
requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended,
and states that it is filing this notice with the Commission pursuant to
permission granted by the Commission's staff fewer than 30 days prior to the
date set for redemption.
(1) TITLE OF THE CLASSES OF SECURITIES OF FLAHERTY & CRUMRINE/CLAYMORE
TOTAL RETURN FUND INCORPORATED (THE "FUND") TO BE REDEEMED:
Auction Preferred Stock, Series T7 (CUSIP #338479207) and
Series W28 (CUSIP #338479306) par value $.01 per share, liquidation
preference of $25,000 per share (the "Preferred Stock").
(2) DATE ON WHICH THE SECURITIES ARE TO BE CALLED OR REDEEMED:
SERIES DATE
T7 April 15, 2009
W28 April 16, 2009
(3) APPLICABLE PROVISIONS OF THE GOVERNING INSTRUMENT PURSUANT TO WHICH THE
SECURITIES ARE TO BE CALLED OR REDEEMED:
The shares of Preferred Stock are to be redeemed pursuant to
Part I, Articles 8(a) and 8(c), of the Fund's Articles Supplementary
Establishing and Fixing the Rights of Auction Market Preferred Stock.
(4) THE NUMBER OF SHARES TO BE REDEEMED AND THE BASIS UPON WHICH THE SHARES
TO BE REDEEMED ARE TO BE SELECTED:
The Fund intends to redeem, on a pro rata basis by series (as
determined by the Depository Trust Company), the number of outstanding shares of
Preferred Stock set forth below:
SERIES NUMBER OF SHARES
T7 210
W28 210
SIGNATURE
Pursuant to the requirement of Rule 23c-2 of the Investment
Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem
Securities to be signed on its behalf by the undersigned, in the City of
Pasadena and the State of California, on this 27th day of March 2009.
FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND INCORPORATED
By: /S/ R. ERIC CHADWICK
-----------------------------------
Name: R. Eric Chadwick
Title: Chief Financial Officer
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