UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-06495
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FLAHERTY & CRUMRINE PREFERRED INCOME OPPORTUNITY FUND INCORPORATED
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(Exact name of registrant as specified in charter)
301 East Colorado Boulevard, Suite 720
PASADENA, CA 91101
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(Address of principal executive offices) (Zip code)
Donald F. Crumrine
Flaherty & Crumrine Inc.
301 East Colorado Boulevard, Suite 720
PASADENA, CA 91101
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(Name and address of agent for service)
Registrant's telephone number, including area code: 626-795-7300
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Date of fiscal year end: NOVEMBER 30
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Date of reporting period: JULY 1, 2004 - JUNE 30, 2005
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Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 there under (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington,
DC 20549-0609. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2004 TO JUNE 30, 2005
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811 - 06495
Exact name of registrant as specified in charter: Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated
Address of principal executive offices 301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101
Name and address of agent for service: Donald F. Crumrine, Flaherty & Crumrine Incorporated, 301 E. Colorado
Boulevard, Suite 720, Pasadena, California 91101
Registrant's telephone number, including area code: 626 - 795 - 7300
Date of fiscal year end: November 30, 2005
Date of reporting period: Twelve Months ended June 30, 2005
ITEM 1. PROXY VOTING RECORD
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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Duke Energy DUK 264399106 12-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Amendments to eliminate board classification Issuer Yes For For
Ratify auditors Issuer Yes For For
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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FPL Group Inc FPL 302571104 20-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Ratify auditors Issuer Yes For For
FRIDAY, JULY 29, 2005 PAGE 1 OF 4
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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New York Community Bancorp NYB 649445103 01-Jun-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Ratify auditors Issuer Yes For For
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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Southern Caifornia Edison SCEDM 842400202 19-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer No (1) NA NA
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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Wisconsin Power & Light WPL 976826875 25-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer No (1) NA NA
FRIDAY, JULY 29, 2005 PAGE 2 OF 4
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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Xcel Energy Inc. XEL 98389B704 25-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Omnibus incentive plan Issuer Yes For For
Executive annual incentive plan Issuer Yes For For
Ratify auditors Issuer Yes For For
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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Xcel Energy Inc. XEL 98389B605 25-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Omnibus incentive plan Issuer Yes For For
Executive annual incentive plan Issuer Yes For For
Ratify auditors Issuer Yes For For
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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Xcel Energy Inc. XEL 98389B407 25-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Omnibus incentive plan Issuer Yes For For
Executive annual incentive plan Issuer Yes For For
Ratify auditors Issuer Yes For For
FRIDAY, JULY 29, 2005 PAGE 3 OF 4
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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Xcel Energy Inc. XEL 98389B308 25-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Omnibus incentive plan Issuer Yes For For
Executive annual incentive plan Issuer Yes For For
Ratify auditors Issuer Yes For For
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NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
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Xcel Energy Inc. XEL 98389B506 25-May-05
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VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Omnibus incentive plan Issuer Yes For For
Executive annual incentive plan Issuer Yes For For
Ratify auditors Issuer Yes For For
Notes: (1) Pursuant to its proxy voting policies, the registrant did not cast a
vote since the securities in question were preferred or preference
stocks of a company the common stock of which was controlled by the
parent company and consequently, the election outcome was not in
doubt.
FRIDAY, JULY 29, 2005 PAGE 4 OF 4
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant FLAHERTY & CRUMRINE PREFERRED INCOME OPPORTUNITY FUND INCORPORATED
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By (Signature and Title)* /S/ DONALD F. CRUMRINE
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Donald F. Crumrine, Director, Chairman of the Board and
Chief Executive Officer
(PrincipalExecutive Officer)
Date 7/22/05
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*Print the name and title of each signing officer under his or her signature.