| Preferred Income Fund, Preferred Income Opportunity Fund, preferred stocks | |||
2007
Tax Information (as a Percent of Total Distributions)
|
|||
| Flaherty & Crumrine Preferred Income Fund (PFD) | |||||
| Calendar Year 2007 | |||||
Individual |
Corporation |
||||
QDI |
Ordinary Income |
DRD |
Ordinary Income |
||
| Common Stock |
69.12%
|
30.88%
|
59.01%
|
40.99%
|
|
| MMPâ (Money Market Preferred) |
68.94%
|
31.06%
|
58.70%
|
41.30%
|
|
| Flaherty & Crumrine Preferred Income Opportunity Fund (PFO) | |||||
| Calendar Year 2007 | |||||
Individual |
Corporation |
||||
QDI |
Ordinary Income |
DRD |
Ordinary Income |
||
| Common Stock |
70.57%
|
29.43%
|
60.56%
|
39.44%
|
|
| MMPâ (Money Market Preferred) |
71.23%
|
28.77%
|
61.50%
|
38.50%
|
|
For Individual investors, a portion of the distributions consisted of Qualified Dividend Income ("QDI") eligible for the maximum 15% personal tax rate. For corporate investors, a portion of the distributions consisted of income eligible for the inter-corporate Dividends Received Deduction ("DRD").
|