PFD, PFO, FFC, FLC and DFP Announce Dividends for August, September and October

The Boards of Directors of several Flaherty & Crumrine funds have announced their declared dividends for the months of August, September, and October 2025. The funds involved include the Flaherty & Crumrine Preferred and Income Fund Incorporated (PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (FFC), Flaherty & Crumrine Total Return Fund Incorporated (FLC), and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (DFP).

For August, September, and October, the dividends per share are as follows:

- **PFD**: $0.0628 each month - **PFO**: $0.0512 each month - **FFC**: $0.0958 each month - **FLC**: $0.0974 each month - **DFP**: $0.1186 each month

The payment dates for these dividends are set for August 29, September 30, and October 31, 2025, with the corresponding record dates being August 22, September 23, and October 24, 2025.

With a fiscal year ending on November 30, 2025, each fund's 2025 tax breakdown will be available by early 2026. Investors are advised to be aware that a portion of the dividends may come from sources other than income, which will be detailed in the funds' Section 19(a)-1 letters found on their official website.

Each of these funds primarily invests in preferred and income-producing securities with varying objectives ranging from high current income to total return, showcasing Flaherty & Crumrine's commitment to managing these investment portfolios since its establishment in 1983. For more details, investors can visit www.preferredincome.com.

In light of the recent dividend announcements for the Flaherty & Crumrine funds—PFD, PFO, FFC, FLC, and DFP—for the months of August, September, and October 2025, investors should approach their decisions with strategic diligence. Each fund has opted to maintain consistent monthly dividends through these months, reflecting stability and confidence in their income-producing strategies:

- **PFD**: Monthly dividends of $0.0628 signal a commitment to consistent returns despite market fluctuations. For income-focused investors, PFD is a reliable choice.

- **PFO**: Similarly, the $0.0512 dividend suggests steady performance, making it suitable for conservative investors seeking sustainable income.

- **FFC**: With dividends set at $0.0958, FFC aims to provide a robust income stream while investing primarily in preferred and income-generating securities. The fund balances income preservation with return potential.

- **FLC**: The fund’s dividend rate of $0.0974 highlights its focus on high current income with potential capital appreciation, attracting those interested in growth alongside income.

- **DFP**: Notably, DFP's monthly dividend of $0.1186 positions it as a leader in yield among the five, emphasizing total return and catering to investors prioritizing high income.

Investors should evaluate these dividends against their overall investment objectives, particularly considering the risk profiles associated with preferred securities. It's crucial to remain cautious about the tax implications of these dividends, especially in understanding the sources of the distributions. The potential for return of capital, as indicated by the funds, may affect net returns.

Overall, these dividend announcements reflect stable income generation and provide a solid opportunity for income-focused investors. Given the current economic climate, maintaining a diversified approach while monitoring interest rate movements will be essential in harnessing the full potential of these investments. Always consult a financial advisor to align these options with your individual financial situation.