<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>pfopoahogan.txt
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>


POWER OF ATTORNEY


	KNOW ALL MEN BY THESE PRESENTS, that the person
whose name appears below nominates, constitutes and
appoints Chad C. Conwell Donald F. Crumrine and Robert M.
Ettinger (with full power to act alone) her true
and lawful attorney-in-fact and agent, for her and on her
behalf and in his place and stead in any and all capacities,
to execute any and all filings on Form 4 (Statement of changes
of Beneficial Ownership of Securities) pursuant to Section
16(a) of the Securities Exchange Act of 1934 and Section
30(h) of the Investment Company Act of 1940, as amended
("Form 4 Filings") with respect to chnages of beneficial
ownership of securities of FLAHERTY & CRUMRINE PREFERRED
INCOME OOPORTUNITY FUND INCORPORATED (the "Fund"), and to
file with the Securities and Exchange Commission, The New
York Stock Exchange and the Fund such Form 4 Filings, granting
unto said attorney, full power and authority to do and perform
certain acts and things requisite and necessary to be done in
and about the premises as fully to all intents and purposes as
the undersigned herself might or could do.

	IN WITNESS WHEREOF, the undersigned has hereunto set
her hand this day of December, 2009.




Name: Karen H. Hogan
Title:   Director, Flaherty & Crumrine Preferred Income Fund
Incorporated


EXPIRES:  February 1, 2011
</TEXT>
</DOCUMENT>
