<SEC-DOCUMENT>0001206774-13-002884.txt : 20130813
<SEC-HEADER>0001206774-13-002884.hdr.sgml : 20130813
<ACCEPTANCE-DATETIME>20130813151850
ACCESSION NUMBER:		0001206774-13-002884
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130630
FILED AS OF DATE:		20130813
DATE AS OF CHANGE:		20130813
EFFECTIVENESS DATE:		20130813

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Flaherty & Crumrine PREFERRED INCOME OPPORTUNITY FUND INC
		CENTRAL INDEX KEY:			0000882071
		IRS NUMBER:				954355600
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06495
		FILM NUMBER:		131032875

	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 COLORADO BLVD STE 720
		STREET 2:		C/O FLAHERTY & CRUMRINE INC
		CITY:			PASADENA
		STATE:			CA
		ZIP:			91101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PREFERRED INCOME OPPORTUNITY FUND INC
		DATE OF NAME CHANGE:	19920929
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>fcpiofi_npx.htm
<DESCRIPTION>ANNUAL REPORT OF PROXY VOTING RECORD
<TEXT>

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<P align=center><FONT face="Times New Roman" size=2>UNITED STATES<BR></FONT><FONT face="Times New Roman" size=2>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, DC 20549 </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>FORM N-PX</FONT></B><FONT face="Times New Roman" size=2> </FONT></P>
<P align=center><B><FONT face="Times New Roman" size=2>ANNUAL REPORT OF PROXY VOTING RECORD
OF REGISTERED<BR>MANAGEMENT INVESTMENT COMPANY</FONT></B><FONT face="Times New Roman" size=2> </FONT></P>
<P align=center><FONT face="Times New Roman" size=2>Investment Company Act file number
</FONT><U><FONT face="Times New Roman" size=2>811-06495 </FONT></U><FONT face="Times New Roman" size=2></FONT></P>
<div align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; text-align: center" noWrap width="100%"><FONT face="Times New Roman" size=2>Flaherty &amp; Crumrine Preferred Income Opportunity
      Fund Incorporated</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="text-align: center" width="100%"><FONT face="Times New Roman" size=2>(Exact name of registrant as specified in
    charter)</FONT></TD></TR></TABLE></div><BR>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD style="text-align: center" width="100%"><FONT face="Times New Roman" size=2>301 E. Colorado Boulevard, Suite 720</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; text-align: center" noWrap width="100%"><FONT face="Times New Roman" size=2>Pasadena, CA 91101</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="100%"><FONT face="Times New Roman" size=2>(Address of principal executive offices) (Zip
      code)</FONT></TD></TR></TABLE></DIV><BR>
<DIV align=center>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="100%"><FONT face="Times New Roman" size=2>Donald F. Crumrine</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="100%"><FONT face="Times New Roman" size=2>Flaherty &amp; Crumrine Incorporated</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="100%"><FONT face="Times New Roman" size=2>301 E. Colorado Boulevard, Suite 720</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; text-align: center" noWrap width="100%"><FONT face="Times New Roman" size=2>Pasadena, CA 91101</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap style="text-align: center" width="100%"><FONT face="Times New Roman" size=2>(Name and address of agent for
  service)</FONT></TD></TR></TABLE></DIV><BR>
<P align=center><FONT face="Times New Roman" size=2>Registrant's telephone number, including
area code: </FONT><U><FONT face="Times New Roman" size=2>626-795-7300</FONT></U></P>
<P align=center><FONT face="Times New Roman" size=2>Date of fiscal year end: </FONT><U><FONT face="Times New Roman" size=2>November 30</FONT></U><B><FONT face="Times New Roman" size=2>
</FONT></B></P>
<P align=center><FONT face="Times New Roman" size=2>Date of reporting period:
</FONT><U><FONT face="Times New Roman" size=2>July 1, 2012 &#150; June 30, 2013</FONT></U><FONT face="Times New Roman" size=2> </FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>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 (&#167;&#167; 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. </FONT></P>
<P align=justify><FONT face="Times New Roman" size=2>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. &#167; 3507.
</FONT></P>
<HR align=center width="100%" noShade size="2">

<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=center><B><FONT face="Times New Roman" size=2>PROXY VOTING RECORD </FONT></B></P>
<P align=center><B><FONT face="Times New Roman" size=2>FOR PERIOD JULY 1, 2012 TO JUNE 30,
2013 </FONT></B></P>

<P align=justify><B><FONT face="Times New Roman" size=1>REGISTRANT</FONT></B><B><FONT face="Times New Roman" size=1> </FONT></B><B><FONT face="Times New Roman" size=1>NAME:</FONT></B><B><FONT face="Times New Roman" size=1> </FONT></B><B><FONT face="Times New Roman" size=1>Flaherty</FONT></B><B><FONT face="Times New Roman" size=1> &amp;
</FONT></B><B><FONT face="Times New Roman" size=1>Crumrine</FONT></B><B><FONT face="Times New Roman" size=1> </FONT></B><B><FONT face="Times New Roman" size=1>Preferred</FONT></B><B><FONT face="Times New Roman" size=1> </FONT></B><B><FONT face="Times New Roman" size=1>Income</FONT></B><B><FONT face="Times New Roman" size=1> </FONT></B><B><FONT face="Times New Roman" size=1>Opportunity</FONT></B><B><FONT face="Times New Roman" size=1> Fund
</FONT></B><B><FONT face="Times New Roman" size=1>Incorporated<BR>INVESTMENT</FONT></B><B><FONT face="Times New Roman" size=1>
</FONT></B><B><FONT face="Times New Roman" size=1>COMPANY</FONT></B><B><FONT face="Times New Roman" size=1> ACT FILE </FONT></B><B><FONT face="Times New Roman" size=1>NUMBER:</FONT></B><B><FONT face="Times New Roman" size=1> 811 -
06495<BR></FONT></B><B><FONT face="Times New Roman" size=1>REPORTING</FONT></B><B><FONT face="Times New Roman" size=1> </FONT></B><B><FONT face="Times New Roman" size=1>PERIOD:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>07/01/2012</U></FONT></B><B><FONT face="Times New Roman" size=1><U> - </U></FONT></B><B><FONT face="Times New Roman" size=1><U>06/30/2013</U><BR>REGISTRANT&nbsp;ADDRESS:</FONT></B><B><FONT face="Times New Roman" size=1> 301 E. </FONT></B><B><FONT face="Times New Roman" size=1>Colorado</FONT></B><B><FONT face="Times New Roman" size=1> </FONT></B><B><FONT face="Times New Roman" size=1>Boulevard,</FONT></B><B><FONT face="Times New Roman" size=1> Suite 720,
</FONT></B><B><FONT face="Times New Roman" size=1>Pasadena,</FONT></B><B><FONT face="Times New Roman" size=1> </FONT></B><B><FONT face="Times New Roman" size=1>California</FONT></B><B><FONT face="Times New Roman" size=1> 91101<BR></FONT></B><B><FONT face="Times New Roman" size=1>NAME</FONT></B><B><FONT face="Times New Roman" size=1> OF </FONT></B><B><FONT face="Times New Roman" size=1>SERIES</FONT></B><B><FONT face="Times New Roman" size=1> (AS
</FONT></B><B><FONT face="Times New Roman" size=1>APPLICABLE):
__________________________________</FONT></B></P>
<TABLE style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="19%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">Issuer of Portfolio
      Security</FONT></STRONG></TD>
    <TD style="BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="8%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">Exchange<BR>Ticker<BR>Symbol</FONT></STRONG></TD>
    <TD style="BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="8%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">CUSIP #</FONT></STRONG></TD>
    <TD style="BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="8%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">Shareholder<BR>Meeting
      Date</FONT></STRONG></TD>
    <TD style="BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="25%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">Summary of Matter Voted
      On</FONT></STRONG></TD>
    <TD style="BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="8%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">Who Proposed<BR>Matter: Issuer
      /<BR>Shareholder</FONT></STRONG></TD>
    <TD style="BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="8%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">Whether<BR>Fund Cast<BR>Vote
      on<BR>Matter</FONT></STRONG></TD>
    <TD style="BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="8%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">Fund's Vote For or<BR>Against
      Proposal,<BR>or Abstain; For or<BR>Withhold<BR>Regarding Election<BR>of
      Directors</FONT></STRONG></TD>
    <TD style="BORDER-RIGHT: #000000 1.5pt solid; BORDER-TOP: #000000 1.5pt solid; BORDER-LEFT: #000000 1.5pt solid; BORDER-BOTTOM: #000000 1.5pt solid" vAlign=middle noWrap align=center width="8%" bgColor=#c0c0c0><STRONG><FONT size=1 face="Times New Roman">Whether Vote<BR>Was For
      or<BR>Against<BR>Management</FONT></STRONG></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>BANK OF AMERICA CORP</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>BAC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>060505559</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">5/8/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Approve auditor</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Issuer</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>BANK OF AMERICA CORP</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>BAC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>060505559</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">5/8/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Approve directors</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Issuer</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>BANK OF AMERICA CORP</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>BAC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>060505559</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">5/8/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Approve executive compensation</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Issuer</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>BANK OF AMERICA CORP</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>BAC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>060505559</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">5/8/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Mortgage servicing</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Security Holder</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Against</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>BANK OF AMERICA CORP</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>BAC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>060505559</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">5/8/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Multiple board service</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Security Holder</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Against</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>BANK OF AMERICA CORP</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>BAC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>060505559</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">5/8/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Political contributions</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Security Holder</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Against</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>BANK OF AMERICA CORP</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>BAC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>060505559</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">5/8/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Proxy access</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Security Holder</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Against</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>BANK OF AMERICA CORP</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>BAC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>060505559</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">5/8/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Report on political contributions</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Security Holder</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Against</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>Exelon Corporation</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>EXC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>30161N101</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">4/23/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Approve amended employee stock purchase
      plan</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Issuer</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>Exelon Corporation</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>EXC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>30161N101</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">4/23/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Approve auditor</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Issuer</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>Exelon Corporation</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>EXC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>30161N101</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">4/23/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Approve directors</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Issuer</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%"><FONT face="Times New Roman" size=1>Exelon Corporation</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>EXC</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>30161N101</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=right width="8%"><FONT size=1 face="Times New Roman">4/23/2013</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%"><FONT face="Times New Roman" size=1>Approve executive compensation</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Issuer</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>Yes</FONT></TD>
    <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" vAlign=bottom noWrap align=left width="8%"><FONT face="Times New Roman" size=1>For</FONT></TD></TR></TABLE>
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<DIV style="PAGE-BREAK-BEFORE: always"></DIV><BR>
<P align=center><B><FONT face="Times New Roman" size=2>SIGNATURES </FONT></B></P>
<P align=justify><FONT face="Times New Roman" size=2>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. </FONT></P>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>Registrant</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; text-align: center" noWrap width="98%"><FONT face="Times New Roman" size=2>Flaherty &amp;
      Crumrine Preferred Income Opportunity Fund
  Incorporated</FONT></TD></TR></TABLE><BR>
<TABLE style="LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>By (Signature and Title)*</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="98%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp; /s/ Donald F.
  Crumrine</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp; Donald F. Crumrine, Director, Chairman of the Board and
      Chief  Executive Officer</FONT></TD></TR>

  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp; (principal executive
officer)</FONT></TD></TR></TABLE><BR>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face="Times New Roman" size=2>Date</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="99%"><FONT face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      August 12, 2013</FONT></TD></TR></TABLE><BR>
<P align=justify><FONT face="Times New Roman" size=2>*Print the name and title of each
signing officer under his or her signature. </FONT></P>
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