UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-06179
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FLAHERTY & CRUMRINE PREFERRED INCOME FUND INCORPORATED
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(Exact name of registrant as specified in charter)
301 E. Colorado Boulevard, Suite 720
PASADENA, CA 91101
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(Address of principal executive offices) (Zip code)
Donald F. Crumrine
Flaherty & Crumrine Incorporated
301 E. Colorado Boulevard, Suite 720
PASADENA, CA 91101
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(Name and address of agent for service)
Registrant's telephone number, including area code: 626-795-7300
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Date of fiscal year end: NOVEMBER 30
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Date of reporting period: JULY 1, 2007 - JUNE 30, 2008
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Form N-PX is to be used by a registered management investment company,
other than a small business investment company registered on Form N-5
(ss.ss. 239.24 and 274.5 of this chapter), TO file reports with the
Commission, not later than August 31 of each year, containing the
registrant's proxy voting record for the most recent twelve-month
period ended June 30, pursuant to section 30 of the Investment Company
Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The
Commission may use the information provided on Form N-PX in its
regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form
N-PX, and the Commission will make this information public. A
registrant is not required to respond to the collection of information
contained in Form N-PX unless the Form displays a currently valid
Office of Management and Budget ("OMB") control number. Please direct
comments concerning the accuracy of the information collection burden
estimate and any suggestions for reducing the burden to the Secretary,
Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2007 TO JUNE 30, 2008
REGISTRANT NAME:
INVESTMENT COMPANY ACT FILE NUMBER:
REPORTING PERIOD:
REGISTRANT ADDRESS:
NAME OF SERIES (AS APPLICABLE)
Flaherty & Crumrine Preferred Income Fund Incorporated
811 - 06179
07/01/2007 - 06/30/2008
301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101
ISSUER OF
PORTFOLIO EXCHANGE TICKER SHAREHOLDER WHO PROPOSED
SECURITY SYMBOL CUSIP # MEETING DATE SUMMARY OF MATTER VOTED ON MATTER: ISSUER
/SHAREHOLDER
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Tempfund Fund Inst'l Shares BLK 09248U619 9/7/2007 Approve directors Issuer
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FUND'S VOTE FOR
OR AGAINST PROPOSAL, WHETHER VOTE
WHETHER OR ABSTAIN; FOR OR WAS FOR OR
FUND CAST WITHHOLD REGARDING AGAINST
VOTE ON MATTER ELECTION OF DIRECTORS MANAGEMENT
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Yes For For
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SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant FLAHERTY & CRUMRINE PREFERRED INCOME FUND INCORPORATED
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By (Signature and Title) /s/ Donald F. Crumrine
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Donald F. Crumrine, Director, Chairman of the Board and
Chief Executive Officer
(Principal Executive Officer)
Date 8/6/08
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