Flaherty & Crumrine Preferred Securities Income Fund Incorporated (the Fund), is an investment company. The Fund’s investment objective is high current income for holders of its common stock consistent with preservation of capital. The Fund expects that its portfolio of preferred securities will consist principally of hybrid or taxable preferred. At least 80% of the Fund's total assets are invested in a diversified portfolio of preferred securities. At least 80% of the Fund's preferred securities are investment-grade quality at the time of purchase. Up to 20% of the Fund's total assets may be invested in securities rated below-investment grade as long as they are rated at least Ba3 or BB- or issued by a company with outstanding investment-grade senior debt. The Fund is an independent firm, not affiliated with any brokerage or other securities firm.