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
FLAHERTY & CRUMRINE PREFERRED INCOME OPPORTUNITY FUND INCORPORATED
--------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
301 E. Colorado Boulevard, Suite 720
PASADENA, CA 91101
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Donald F. Crumrine
Flaherty & Crumrine Incorporated
301 E. Colorado Boulevard, Suite 720
PASADENA, CA 91101
--------------------------------------------------------------------------------
(Name and address of agent for service)
Registrant's telephone number, including area code: 626-795-7300
-------------
Date of fiscal year end: NOVEMBER 30
------------
Date of reporting period: JULY 1, 2005 - JUNE 30, 2006
-----------------------------
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, 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.
ITEM 1. PROXY VOTING RECORD
--------------------------------
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Pacific G&E PCG 694308800 19-Apr-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Approve auditors Issuer Yes For For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Pacific G&E PCG 694308503 19-Apr-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Approve auditors Issuer Yes For For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Pacific G&E PCG 694308602 19-Apr-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Approve auditors Issuer Yes For For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Savannah Elecitrc and Power SVJ 804787802 22-May-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve merger with Georgia Power Issuer Yes For For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Southern California Edison SCE 842400202 27-Apr-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Southern California Edison SCE 842400301 27-Apr-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B506 17-May-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Approve auditor Issuer Yes For For
Separate roles of Chairman and CEO Security Holder Yes Against For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B704 17-May-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Approve auditor Issuer Yes For For
Separate roles of Chairman and CEO Security Holder Yes Against For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B308 17-May-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Approve auditor Issuer Yes For For
Separate roles of Chairman and CEO Security Holder Yes Against For
------------------------------------------------------------------------------------------------------------------------------------
NAME OF THE ISSUER EXCHANGE TICKER SYMBOL CUSIP SHAREHOLDER MEETING DATE
------------------------------------------------------------------------------------------------------------------------------------
Xcel Energy XEL 98389B407 17-May-06
------------------------------------------------------------------------------------------------------------------------------------
VOTE FOR OR AGAINST VOTE FOR OR AGAINST
MATTER VOTED PROPOSED BY VOTE CAST PROPOSAL MANAGEMENT
Approve directors Issuer Yes For For
Approve auditor Issuer Yes For For
Separate roles of Chairman and CEO Security Holder Yes Against For
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
---------------------------------------------------
Donald F. Crumrine, Director, Chairman of the Board
and Chief Executive Officer
(Principal Executive Officer)
Date 8/15/06
------------------------------------------------------------------------
*Print the name and title of each signing officer under his or her
signature.