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
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FLAHERTY & CRUMRINE PREFERRED INCOME OPPORTUNITY FUND INCORPORATED
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(Exact name of registrant as specified in charter)
301 E. Colorado Boulevard, Suite 720
PASADENA, CA 91101
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(Address of principal executive offices) (Zip code)
Donald F. Crumrine
Flaherty & Crumrine Incorporated
301 E. 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, 2006 - JUNE 30, 2007
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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 thereunder (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, 100 F Street, NE, Washington, DC
20549. 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, 2006 TO JUNE 30, 2007
FORM N-PX SPREADSHEET*
REGISTRANT NAME: Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated
INVESTMENT COMPANY ACT FILE NUMBER: 811 - 06495
REPORTING PERIOD: 07/01/2006 - 06/30/2007
REGISTRANT ADDRESS: 301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101
NAME OF SERIES (AS APPLICABLE):
FUND'S VOTE
FOR OR
AGAINST
PROPOSAL, OR
WHETHER ABSTAIN; WHETHER
WHO FUND FOR OR VOTE
PROPOSED CAST WITHHOLD WAS FOR
ISSUER OF EXCHANGE MATTER: VOTE REGARDING OR
PORTFOLIO TICKER SHAREHOLDER SUMMARY OF ISSUER/ ON ELECTION AGAINST
SECURITY SYMBOL CUSIP # MEETING DATE MATTER VOTED ON SHAREHOLDER MATTER OF DIRECTORS MANAGEMENT
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Xcel Energy XEL 98389B704 5/23/2007 Approve directors Issuer Yes For For
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Xcel Energy XEL 98389B704 5/23/2007 Approve auditor Issuer Yes For For
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Xcel Energy XEL 98389B704 5/23/2007 Separation of Chairman and CEO Security
Holder Yes Against For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B704 5/23/2007 Financial performance criteria for Security
compensation Holder Yes Against For
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Xcel Energy XEL 98389B407 5/23/2007 Approve directors Issuer Yes For For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B407 5/23/2007 Approve auditor Issuer Yes For For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B407 5/23/2007 Separation of Chairman and CEO Security
Holder Yes Against For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B407 5/23/2007 Financial performance criteria for Security
compensation Holder Yes Against For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B605 5/23/2007 Approve directors Issuer Yes For For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B605 5/23/2007 Approve auditor Issuer Yes For For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B605 5/23/2007 Separation of Chairman and CEO Security
Holder Yes Against For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B605 5/23/2007 Financial performance criteria for Security
compensation Holder Yes Against For
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Xcel Energy XEL 98389B506 5/23/2007 Approve directors Issuer Yes For For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B506 5/23/2007 Approve auditor Issuer Yes For For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B506 5/23/2007 Separation of Chairman and CEO Security
Holder Yes Against For
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Xcel Energy XEL 98389B506 5/23/2007 Financial performance criteria for Security
com Holder Yes Against For
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Xcel Energy XEL 98389B308 5/23/2007 Approve directors Issuer Yes For For
---------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B308 5/23/2007 Approve auditor Issuer Yes For For
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Xcel Energy XEL 98389B308 5/23/2007 Separation of Chairman and CEO Security
Holder Yes Against For
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Xcel Energy XEL 98389B308 5/23/2007 Financial performance criteria for Security
com Holder Yes Against For
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Wisconsin
Power & Light WIS-P 976826875 5/23/2007 Approve directors Issuer Yes For For
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Wisconsin
Power & Light WIS-P 976826875 5/23/2007 Approve auditor Issuer Yes For For
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Southern
California Edison SCE 842400301 4/26/2007 Approve directors Issuer Yes For For
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Southern
California Edison SCE 842400301 4/26/2007 Approve auditor Issuer Yes For For
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Scottish Re Group SCT G73537402 2/23/2007 Increase share capital and other
amendments Issuer Yes For For
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Scottish Re Group SCT G73537402 2/23/2007 Issue convert.shares that'll
change control of SCT Issuer Yes For For
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Scottish Re Group SCT G73537402 2/23/2007 Adjourn general meeting if
not enough votes gotten Issuer Yes For For
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Public Storage
Inc PSA 74460D380 5/3/2007 Reorganize from a California
Corp to Maryland REIT Issuer Yes Against Against
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Public Storage
Inc PSA 74460D380 5/3/2007 Adjourn/Postpone annual
meeting if necessary Issuer Yes For For
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Public Storage
Inc PSA 74460D232 5/3/2007 Reorganize from a California
Corp to Maryland REIT Issuer Yes Against Against
---------------------------------------------------------------------------------------------------------------------------------
Public Storage
Inc PSA 74460D232 5/3/2007 Adjourn/Postpone annual
meeting if necessary Issuer Yes For For
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Public Storage
Inc PSA 74460D398 5/3/2007 Reorganize from a California
Corp to Maryland REIT Issuer Yes Against Against
---------------------------------------------------------------------------------------------------------------------------------
Public Storage
Inc PSA 74460D398 5/3/2007 Adjourn/Postpone annual
meeting if necessary Issuer Yes For For
---------------------------------------------------------------------------------------------------------------------------------
Public Storage
Inc PSA 74460D273 5/3/2007 Reorganize from a California
Corp to Maryland REIT Issuer Yes Against Against
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Public Storage
Inc PSA 74460D273 5/3/2007 Adjourn/Postpone annual
meeting if necessary Issuer Yes For For
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Pacific G&E PCG 694308602 4/18/2007 Approve directors Issuer Yes For For
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Pacific G&E PCG 694308602 4/18/2007 Approve auditor Issuer Yes For For
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Pacific G&E PCG 694308503 4/18/2007 Approve directors Issuer Yes For For
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Pacific G&E PCG 694308503 4/18/2007 Approve auditor Issuer Yes For For
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Pacific G&E PCG 694308800 4/18/2007 Approve directors Issuer Yes For For
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Pacific G&E PCG 694308800 4/18/2007 Approve auditor Issuer Yes For For
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New York
Community Bancorp NYB 649445103 5/30/2007 Approve directors Issuer Yes For For
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New York
Community Bancorp NYB 649445103 5/30/2007 Approve auditor Issuer Yes For For
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*Complete for each series of the Registrant, as applicable.
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
By (Signature and Title)* /S/ DONALD F. CRUMRINE
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Donald F. Crumrine, Chief Executive Officer
(Principal Executive Officer)
Date 08/24/07
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*Print the name and title of each signing officer under his or her
signature.