The F&C Claymore Preferred Securities Income Fund has selected PFPC for its fund accounting and administration services. Flaherty & Crumine, founded in 1983, specializes in the management of preferred securities and manages approximately $2.5 billion in preferred and related securities.

PFPC will also provide custody and transfer agency services for the newly diversified fund, as well as accounting and administration services, including financial accounting and recordkeeping, pricing and corporate actions, financial and regulatory reporting, tax services, compliance monitoring and Blue Sky Compliance. PFPC will also supply the fund's common shareholders with transfer agency services.

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