Flaherty & Crumrine Preferred and Income Securities Fund Inc. Announces 2024 Annual Meeting

TL;DR

<b>Flaherty & Crumrine Preferred and Income Securities Fund Inc. filed its Definitive Proxy Statement for the April 17, 2024 Annual Meeting of Shareholders.</b>

AI Summary

Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC (FFC) filed a Proxy Statement (DEF 14A) with the SEC on March 4, 2024. The Flaherty & Crumrine Preferred and Income Securities Fund Inc. (FFC) filed a Definitive Proxy Statement (DEF 14A) on March 4, 2024. The filing pertains to the Annual Meetings of Shareholders scheduled for April 17, 2024. The company's business address is 301 E Colorado Blvd Ste 800, Pasadena, CA 91101. The fund was incorporated in Maryland (MD) with a fiscal year end of November 30. The filing fee was not required for this DEF 14A statement.

Why It Matters

For investors and stakeholders tracking Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC, this filing contains several important signals. This filing provides shareholders with crucial information regarding the upcoming annual meeting, including voting matters and company proposals. Shareholders need to review this proxy statement to make informed decisions on matters presented at the meeting, such as director elections or other corporate actions.

Risk Assessment

Risk Level: low — Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes indicated, suggesting low risk.

Analyst Insight

Shareholders should review the proxy materials to understand proposals and vote accordingly before the April 17, 2024 meeting.

Key Numbers

• 2024-04-17 — Annual Meeting Date (Date of the Annual Meetings of Shareholders)
• 2024-03-04 — Filing Date (Date the Definitive Proxy Statement was filed)
• 1130 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC (company) — Registrant
• 2024-04-17 (date) — Annual Meetings of Shareholders date
• 2024-03-04 (date) — Filing date
• 301 E COLORADO BLVD STE 800 (address) — Business address
• PASADENA (location) — Business address city
• CA (location) — Business address state
• 91101 (postal_code) — Business address zip
• MD (location) — State of incorporation

FAQ

Industry Context

Flaherty & Crumrine Preferred and Income Securities Fund Inc. is a closed-end investment fund. Such funds typically hold regular shareholder meetings to vote on corporate governance and other matters.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for proposals and voting instructions.
2. Vote on matters presented at the Annual Meeting of Shareholders by the deadline.
3. Confirm your shareholder status and eligibility to vote.

Key Dates

• 2024-04-17: Annual Meetings of Shareholders — Shareholders will vote on company matters.
• 2024-03-04: Filing of Definitive Proxy Statement — Official filing date for the proxy materials.

Year-Over-Year Comparison

This is a routine DEF 14A filing for an annual meeting, indicating standard corporate governance procedures are being followed.

Key Financial Figures

• $0.01 — ck outstanding: common stock, par value $0.01 per share (the "Common Stock" or the "S

Filing Documents

• ffc-def14a_041724.htm (DEF 14A) — 461KB
• cover_01.jpg (GRAPHIC) — 10KB
• proxycardffc001.jpg (GRAPHIC) — 1KB
• proxycardffc002.jpg (GRAPHIC) — 2KB
• 0001999371-24-003020.txt (&nbsp;) — 481KB

From the Filing

DEF 14A 1 ffc-def14a_041724.htm DEFINITIVE PROXY STATEMET SCHEDULE 14A PROXY PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by Registrant Filed by Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential for Use of the Commission Only as permitted by Rule 14a-6(e)(2) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Rule 14a-11c or Rule 14a-12 Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 (1) Title of each class of securities to which transaction applies: ___________________________ (2) Aggregate number of securities to which transaction applies: ___________________________ (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11. (Set forth the amount on which the filing fee is calculated and state how it was determined): _______________________________________________________________________ (4) Proposed maximum aggregate value of transaction: ________________________________________ (5) Total fee paid:______________________________________________________________________ Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount previously paid: _____________________________________________________________ (2) Form, Schedule or Registration Statement No.:____________________________________________ (3) Filing Party: _______________________________________________________________________ (4) Date Filed: ________________________________________________________________________ FLAHERTY & CRUMRINE PREFERRED AND INCOME FUND INCORPORATED (NYSE: PFD) FLAHERTY & CRUMRINE PREFERRED AND INCOME OPPORTUNITY FUND INCORPORATED (NYSE: PFO) FLAHERTY & CRUMRINE PREFERRED AND INCOME SECURITIES FUND INCORPORATED (NYSE: FFC) FLAHERTY & CRUMRINE TOTAL RETURN FUND INCORPORATED (NYSE: FLC) FLAHERTY & CRUMRINE DYNAMIC PREFERRED AND INCOME FUND INCORPORATED (NYSE: DFP) 301 E. Colorado Boulevard, Suite 800 Pasadena, California 91101 NOTICE OF ANNUAL MEETINGS OF SHAREHOLDERS To Be Held on April 17, 2024 To the Shareholders: Notice is hereby given that the Annual Meetings of Shareholders (the "Annual Meetings") of Flaherty & Crumrine Preferred and Income Fund Incorporated, Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated, Flaherty & Crumrine Preferred and Income Securities Fund Incorporated, Flaherty & Crumrine Total Return Fund Incorporated and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (each, a "Fund" and collectively, the "Funds"), each a Maryland corporation, will be held on April 17, 2024, at 8:00 a.m. PDT, at the offices of Flaherty & Crumrine Incorporated, 301 E. Colorado Boulevard, Suite 800, Pasadena, California 91101, for the following purposes: Each Fund: 1. To elect Directors of each Fund (Proposal 1). 2. To transact such other business as may properly come before the Annual Meetings or any adjournments or postponements thereof. Your vote is important! The Board of Directors of each Fund has fixed the close of business on January 19, 2024 as the record date for the determination of shareholders of each Fund entitled to notice of, and to vote at, the Annual Meetings and any adjournments or postponements thereof. By Order of the Boards of Directors, March 4, 2024 Chad Conwell Secretary 2 Important Notice Regarding the Availability of Proxy Materials for the Annual Meetings to be Held on April 17, 2024 The notice of Annual Meetings, Joint Proxy Statement, proxy cards and each Fund's annual report, including audited financial statements for the fiscal year ended November 30, 2023, are available to you on the Funds' website - www.preferredincome.com or upon request, without charge, by writing to Computershare Inc., P.O. Box 43132, Providence, RI 02940-9434, United States, or by calling 1-866-351-7446 (U.S. toll-free) or 1-201-680-6578 (International). You are encouraged to review all of the information contained in the proxy materials before voting. To obtain directions to attend the Annual Meetings and vote in person, please call 1-626-795-7300. SEPARATE PROXY CARDS ARE ENCLOSED FOR EACH FUND IN WHICH YOU OWN SHARES. YOUR VOTE IS IMPORTANT REGARDLESS OF THE SIZE OF YOUR HOLDINGS IN THE FUND. WHETHER OR NOT YOU PLAN TO ATTEND THE RELEVANT ANNUAL MEETING(S), WE ASK THAT

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View this DEF 14A filing on SEC EDGAR