<SEC-DOCUMENT>0001193125-15-357656-index.html : 20151029
<SEC-HEADER>0001193125-15-357656.hdr.sgml : 20151029
<ACCEPTANCE-DATETIME>20151029133505
ACCESSION NUMBER:		0001193125-15-357656
CONFORMED SUBMISSION TYPE:	N-30B-2
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150831
FILED AS OF DATE:		20151029
DATE AS OF CHANGE:		20151029
EFFECTIVENESS DATE:		20151029

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLAHERTY & CRUMRINE PREFERRED INCOME FUND INC
		CENTRAL INDEX KEY:			0000868578
		IRS NUMBER:				954305694
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-30B-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06179
		FILM NUMBER:		151183063

	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:	PREFERRED INCOME FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-30B-2
<SEQUENCE>1
<FILENAME>d96771dn30b2.htm
<DESCRIPTION>FLAHERTY & CRUMRINE PREFERRED INCOME FUND INCORPORATED
<TEXT>
Document 1 - file: d96771dn30b2.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g96771g51m44.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: g96771g51m44.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g96771pie_01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: g96771pie_01.jpg

</DOCUMENT>
</SEC-DOCUMENT>