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 811-21129 FLAHERTY & CRUMRINE/CLAYMORE PREFERRED SECURITIES INCOME 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 ---------------------------------------------------------------------------------------------------------------- Wachovia Preferred Funding Corp WNA-P 92977v206 08-Nov-05 ---------------------------------------------------------------------------------------------------------------- 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 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 ---------------------------------------------------------------------------------------------------------------- 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 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/CLAYMORE PREFERRED SECURITIES INCOME 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.