CRUMRINE DONALD F

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Flaherty & Crumrine Preferred and Income Securities Fund Inc (FFC)

Transaction date 10 May 2004

Purchase

Price

243.46

Quantity 47,163 -49.1%

Value US$4,420,498

Comments Filing

Flaherty & Crumrine Preferred and Income Securities Fund Inc (FFC)

Transaction date 10 May 2004

Purchase

Price

184.77

Quantity 95,187 +14.6%

Value US$4,621,094

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value	Details
2004-05-10	2004-05-10	Flaherty & Crumrine Preferred and Income Securities Fund Inc (FFC)	B Purchase	47,163 -49.1% 243.46 US$4,420,498	47,163 -49.1%	243.46	US$4,420,498
2004-05-10	2004-05-10	Flaherty & Crumrine Preferred and Income Securities Fund Inc (FFC)	B Purchase	95,187 +14.6% 184.77 US$4,621,094	95,187 +14.6%	184.77	US$4,621,094