Flaherty Crumrine Preferred Securities Income Fund Inc is a closedended balanced mutual fund launched and managed by Flaherty Crumrine Incorporated The fund invests in the public equity and fixed income markets of the United States It seeks to invest in securities of companies operating across diversified sectors The fund primarily invests in investment grade preferred securities consisting of hybrid or taxable preferreds It employs quantitative analysis to create its portfolio The fund benchmarks the performance of its portfolio against the Merrill Lynch 8 Capped DRD Preferred Stock Index Merrill Lynch Hybrid Preferred Securities Index and Merrill Lynch Adjustable Preferred Stock 7 Constrained Index It was formerly known as Flaherty CrumrineClaymore Preferred Securities Income Fund Incorporated Flaherty Crumrine Preferred Securities Income Fund Inc was formed on May 23 2002 and is domiciled in the United States