0001126328-12-000017.txt : 20120209
0001126328-12-000017.hdr.sgml : 20120209
20120209143603
ACCESSION NUMBER: 0001126328-12-000017
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20120209
DATE AS OF CHANGE: 20120209
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Flaherty & Crumrine/CLAYMORE PREFERRED SECURITIES INCOME FUND INC
CENTRAL INDEX KEY: 0001174164
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1130
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-83817
FILM NUMBER: 12586414
BUSINESS ADDRESS:
STREET 1: 301 E COLORADO BLVD STE 720
STREET 2: C/O FLAHERTY & CRUMRINE INC
CITY: PASADENA
STATE: CA
ZIP: 91101
BUSINESS PHONE: (626) 795-7300
MAIL ADDRESS:
STREET 1: 301 E COLORADO BLVD STE 720
STREET 2: C/O FLAHERTY & CRUMRINE INC
CITY: PASADENA
STATE: CA
ZIP: 91101
FORMER COMPANY:
FORMER CONFORMED NAME: F&C/CLAYMORE PREFERRED SECURITIES INCOME FUND INC
DATE OF NAME CHANGE: 20020702
FORMER COMPANY:
FORMER CONFORMED NAME: C F&C PREFERRED SECURITIES INCOME FUND I INC
DATE OF NAME CHANGE: 20020523
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Spectrum Asset Management, Inc.
CENTRAL INDEX KEY: 0001318293
IRS NUMBER: 061209521
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 2 HIGH RIDGE PARK
CITY: STAMFORD
STATE: CT
ZIP: 06905
BUSINESS PHONE: 203-322-0189
MAIL ADDRESS:
STREET 1: 2 HIGH RIDGE PARK
CITY: STAMFORD
STATE: CT
ZIP: 06905
SC 13G
1
flahertypreferredsecurities.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.5)*
Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc
(Name of Issuer)
Common Stock
(Title and Class of Securities)
338478100
(CUSIP Number)
December 31, 2011
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 338478100 Page 2
1 NAMES OF REPORTING PERSONS
Spectrum Asset Management, Inc
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
NUMBER OF 5 SOLE VOTING POWER 0
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 2,534,057
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER 0
REPORTING
PERSON WITH 8 SHARED DISPOSITIVE POWER 2,534,057
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,534,057
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.90
12 TYPE OF REPORTING PERSON (See Instructions)
IA
CUSIP No. 338478100 Page 3
1 NAMES OF REPORTING PERSONS
Principal Financial Group, Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER 0
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 2,534,057
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER 0
REPORTING
PERSON WITH 8 SHARED DISPOSITIVE POWER 2,534,057
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,534,057
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.90
12 TYPE OF REPORTING PERSON (See Instructions)
HC
CUSIP No. 338478100 Page 4
Item 1(a). Name of Issuer:
Flaherty & Crumrine/Claymore Preferred Securities Income Fund Inc
Item 1(b). Address of Issuer's Principal Executive Offices:
301 E Colorado Blvd, Suite 720
Pasadena, CA 91101
Item 2(a). Name of Person Filing:
Spectrum Asset Management, Inc.
Principal Financial Group, Inc.
Item 2(b). Address of Principal Business Office, or, if None, Residence:
Spectrum Asset Management, Inc.
2 High Ridge Park
Stamford, CT 06905
Principal Financial Group, Inc.
711 High Street
Des Moines, IA 50392-0088
Item 2(c). Citizenship:
Spectrum Asset Management, Inc. - State of Connecticut
Principal Financial Group, Inc. - State of Delaware
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Numbers:
338478100
Item 3. If this statement is filed pursuant to section 240.13d-1(b) or 240.13d
2(b) or (c), check whether the person filing is a:
(a) [X] Broker or dealer registered under section 15 of the Securities
Exchange Act of 1934.
(e) [X] An investment adviser in accordance with section 240.13d
1(b)(1)(ii)(E)
(g) [X] A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G)
Item 4. Ownership:
(a) Amount Beneficially Owned
2,534,057 Shares Common Stock presently held by Spectrum Asset Management,
Inc.
2,534,057 Shares Common Stock presently held by Principal Financial Group,
Inc.
CUSIP No. 338478100 Page 5
(b) Percent of Class
5.90 Spectrum Asset Management, Inc.
5.90 Principal Financial Group, Inc.
(c) Number of shares as to which the person has:
(i) Sole Power to Vote or Direct the Vote
0 Spectrum Asset Management, Inc.
0 Principal Financial Group, Inc.
(ii) Shared Power to Vote or Direct the Vote
2,534,057 Shares Common Stock presently held by Spectrum Asset
Management, Inc.
2,534,057 Shares Common Stock presently held by Principal
Financial Group, Inc.
(iii) Sole Power to Dispose or to Direct the Disposition of
0 Spectrum Asset Management, Inc.
0 Principal Financial Group, Inc.
(iv) Shared Power to Dispose or to Direct the Disposition of
2,534,057 Shares Common Stock presently held by Spectrum Asset
Management, Inc.
2,534,057 Shares Common Stock presently held by Principal
Financial Group, Inc.
Item 5. Ownership of Five Percent or Less of a Class:
[]
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Persons other than the reporting persons have a right to receive or the
power to direct the receipt of dividends from or the proceeds from the sale
of such securities. The interest of no such person having such an interest
relates to more than five percent of the class.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
See Exhibit attached
CUSIP No. 338478100 Page 6
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10(a). Certification
By signing below I certify, to the best of my knowledge and belief, the
securities referred to above were not acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in connection with
or as a participant in any transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Spectrum Asset Management, Inc.
By /s/ Mark A. Lieb
Mark A. Lieb, Chief Financial Officer
Principal Financial Group, Inc.
By /s/ Joyce N. Hoffman
Joyce N. Hoffman, Senior Vice President and Corporate Secretary
Dated January 27, 2012
EXHIBIT 99.1
Spectrum Asset Management, Inc.
Item 3 Classification:
(a) Broker or dealer registered under Section 15 of the Securities Exchange Act
of 1934
(e) Investment Adviser registered under Section 203 of the Investment Advisers
Act of 1940
Principal Financial Group, Inc.
Item 3 Classification:
(g) A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G)