SCHEDULE 14A
PROXY STATEMENT
PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by Registrant [X]
Filed by Party other than the Registrant
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential for Use of the Commission Only as permitted by Rule 14a-6(e)(2)
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-11c or Rule 14a-12
Flaherty & Crumrine/claymore Preferred Securities Income Fund Incorporated
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(Name of Registrant as Specified in Its Charter)
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(Name of Person(s) Filing Proxy Statement)
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pursuant to Exchange Act Rule 0-11. (Set forth the amount on which the
filing fee is calculated and state how it was determined):_____________
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previously. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing.
(1) Amount previously paid:________________________________________________
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(3) Filing Party: _________________________________________________________
(4) Date Filed: ___________________________________________________________
YOUR VOTE IS VERY IMPORTANT!
APPROXIMATELY 96% OF THE SHAREHOLDERS THAT HAVE VOTED TO DATE HAVE VOTED IN
FAVOR OF PROPOSAL #2.
THE FUND NEEDS JUST 4.3% MORE OF THE OUTSTANDING SHARES TO APPROVE THIS
PROPOSAL.
****MAY 25, 2004 IS THE LAST OPPORTUNITY TO CAST YOUR VOTE. PLEASE ACT NOW!****
PLEASE CAST YOUR VOTE TODAY BY INTERNET OR BY CALLING THE TOLL FREE NUMBER
PRINTED ON THE ENCLOSED BALLOT.
IN ORDER TO AVOID ADDITIONAL EXPENSES TO THE FUND AND SHAREHOLDERS WE NEED YOUR
VOTE IN APPROVING PROPOSAL 2 FOR FFC:
o THE FUND HAS OUTSTANDING SEVERAL SERIES OF AUCTION MARKET PREFERRED
SECURITIES (AMPS), EACH OF WHICH HOLDS REGULAR AUCTIONS.
o CURRENTLY, AN EXTRAORDINARY EVENT, SUCH AS OCCURRED ON 9/11/2001, COULD
DISRUPT ONE OR MORE OF THESE AUCTIONS AND POSSIBLY RESULT IN THE FUND
REDEEMING SHARES OF AMPS.
o COMMON STOCKHOLDERS COULD EXPERIENCE AN INCREASE IN THE COST OF THE FUND'S
LEVERAGE IF AUCTIONS WERE DISRUPTED BY AN EXTRAORDINARY EVENT. IN
ADDITION, REDEMPTION OF AMPS COULD RESULT IN A REDUCTION IN THE FUND'S
DIVIDEND RATE.
o AMPS HOLDERS COULD LOSE THEIR OPPORTUNITY TO INVEST IN FFC.
o PROPOSAL 2 MODIFIES PROCEDURES IN CASE OF AN EXTRAORDINARY EVENT, AS
DESCRIBED IN THE JOINT PROXY STATEMENT.
o YOUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT FFC SHAREHOLDERS
APPROVE PROPOSAL 2 TO AVOID THE POSSIBILITY OF ADVERSE CONSEQUENCES FROM
AN EXTRAORDINARY EVENT.