FFC and FLC Announce Completed Name Change and Appointment of Destra Capital Investments LLC as Shareholder Servicing Agent
March 06 2013 - 5:12PM
Business Wire
Flaherty & Crumrine Preferred Securities Income Fund
Incorporated (NYSE: FFC) and Flaherty & Crumrine Total
Return Fund Incorporated (NYSE: FLC) today announced that
each fund has finalized the change in its name and that Destra
Capital Investments LLC (“Destra Capital”) has begun serving
both funds as shareholder servicing agent.
Each fund changed its name as follows:
- Flaherty & Crumrine/Claymore
Preferred Securities Income Fund Incorporated (FFC) changed its
name to “Flaherty & Crumrine Preferred Securities Income Fund
Incorporated”; and
- Flaherty & Crumrine/Claymore Total
Return Fund Incorporated (FLC) changed its name to “Flaherty &
Crumrine Total Return Fund Incorporated.”
Destra Capital is an independent fund distribution and servicing
firm and registered broker dealer. As part of the secondary support
services it provides, Destra Capital serves fund shareholders and
the broader financial community. They also support FFC and FLC in
the U.S. financial advisor community as an investment option for
current and potential investors. Destra Capital is headquartered in
Lisle, IL and employs approximately 30 wholesale fund distribution
professionals located throughout the United States.
Flaherty & Crumrine Incorporated remains each Fund’s
investment adviser and there has been no change in investment
strategies or style as a result of the appointment of Destra
Capital as shareholder servicing agent. The Funds continue to trade
on the NYSE under their respective ticker symbols, FFC and FLC and
their CUSIPs remain the same.
New website: www.preferredincome.com
FFC and FLC were organized in 2003 as closed-end, diversified
investment companies. FFC invests primarily in preferred securities
with an investment objective of high current income consistent with
preservation of capital. FLC invests primarily in preferred and
other income-producing securities with a primary investment
objective of high current income and a secondary objective of
capital appreciation. FFC and FLC are managed by Flaherty &
Crumrine Incorporated, an independent investment adviser which was
founded in 1983 to specialize in the management of portfolios of
preferred and related securities. Flaherty & Crumrine also
manages two other U.S. closed-end funds: Flaherty & Crumrine
Preferred Income Fund (NYSE: PFD); and Flaherty & Crumrine
Preferred Income Opportunity Fund (NYSE: PFO).
Flaherty and Crumrine To... (NYSE:FLC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Flaherty and Crumrine To... (NYSE:FLC)
Historical Stock Chart
From Jul 2023 to Jul 2024