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, 2006 - JUNE 30, 2007 ----------------------------- 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 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. 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. PROXY VOTING RECORD FOR PERIOD JULY 1, 2006 TO JUNE 30, 2007 FORM N-PX SPREADSHEET* REGISTRANT NAME: Flaherty & Crumrine / Claymore Preferred Securities Income Fund Incorporated INVESTMENT COMPANY ACT FILE NUMBER: 811 - 21129 REPORTING PERIOD: 07/01/2006 - 06/30/2007 REGISTRANT ADDRESS: 301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101 NAME OF SERIES (AS APPLICABLE): FUND'S VOTE FOR OR AGAINST PROPOSAL, OR WHETHER ABSTAIN; WHETHER WHO FUND FOR OR VOTE PROPOSED CAST WITHHOLD WAS FOR ISSUER OF EXCHANGE MATTER: VOTE REGARDING OR PORTFOLIO TICKER SHAREHOLDER SUMMARY OF ISSUER/ ON ELECTION AGAINST SECURITY SYMBOL CUSIP # MEETING DATE MATTER VOTED ON SHAREHOLDER MATTER OF DIRECTORS MANAGEMENT ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Xcel Energy XEL 98389B407 5/23/2007 Approve directors Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Xcel Energy XEL 98389B407 5/23/2007 Approve auditor Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Xcel Energy XEL 98389B407 5/23/2007 Separation of Chairman and CEO Security Holder Yes Against For ------------------------------------------------------------------------------------------------------------------------------------ Xcel Energy XEL 98389B407 5/23/2007 Financial performance criteria for compensation Security Holder Yes Against For ------------------------------------------------------------------------------------------------------------------------------------ Xcel Energy XEL 98389B506 5/23/2007 Approve directors Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Xcel Energy XEL 98389B506 5/23/2007 Approve auditor Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Xcel Energy XEL 98389B506 5/23/2007 Separation of Chairman and CEO Security Holder Yes Against For ------------------------------------------------------------------------------------------------------------------------------------ Xcel Energy XEL 98389B506 5/23/2007 Financial performance criteria for compensation Security Holder Yes Against For ------------------------------------------------------------------------------------------------------------------------------------ Wisconsin Power & Light WIS-P 976826875 5/23/2007 Approve directors Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Wisconsin Power & Light WIS-P 976826875 5/23/2007 Approve auditor Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Wachovia Preferred Funding WNA-P 92977V206 5/14/2007 Approve directors Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Scottish Re Group SCT G73537402 2/23/2007 Increase share capital and other amendments Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Scottish Re Group SCT G73537402 2/23/2007 Issue convert.shares that'll change control of SCT Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Scottish Re Group SCT G73537402 2/23/2007 Adjourn general meeting if not enough votes gotten Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Public Storage Inc PSA 74460D232 5/3/2007 Reorganize from a California Corp to Maryland REIT Issuer Yes Against Against ------------------------------------------------------------------------------------------------------------------------------------ Public Storage Inc PSA 74460D232 5/3/2007 Adjourn/Postpone annual meeting if necessary Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Public Storage Inc PSA 74460D398 5/3/2007 Reorganize from a California Corp to Maryland REIT Issuer Yes Against Against ------------------------------------------------------------------------------------------------------------------------------------ Public Storage Inc PSA 74460D398 5/3/2007 Adjourn/Postpone annual meeting if necessary Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Public Storage Inc PSA 74460D273 5/3/2007 Reorganize from a California Corp to Maryland REIT Issuer Yes Against Against ------------------------------------------------------------------------------------------------------------------------------------ Public Storage Inc PSA 74460D273 5/3/2007 Adjourn/Postpone annual meeting if necessary Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Public Storage Inc PSA 74460D380 5/3/2007 Reorganize from a California Corp to Maryland REIT Issuer Yes Against Against ------------------------------------------------------------------------------------------------------------------------------------ Public Storage Inc PSA 74460D380 5/3/2007 Adjourn/Postpone annual meeting if necessary Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ New York Community Bancorp NYB 649445103 5/30/2007 Approve directors Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ New York Community Bancorp NYB 649445103 5/30/2007 Approve auditor Issuer Yes For For ------------------------------------------------------------------------------------------------------------------------------------ Carramerica Realty CRE 144418704 7/11/2006 Approve merger with Nantucket Acquisition Issuer No (1) NA NA ------------------------------------------------------------------------------------------------------------------------------------ Carramerica Realty CRE 144418704 7/11/2006 Approve adjourning meeting to solicit more proxies Issuer No (1) NA NA ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ *Complete for each series of the Registrant, as applicable. 1) Pursuant to its proxy voting policies, the registrant did not cast a vote since the securities in question were preferred or preference stocks of a company the common stock of which was controlled by the parent company and consequently, the election outcome was not in doubt. 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, Chief Executive Officer (Principal Executive Officer) Date 08/24/07 ------------------------------------------------------------------ *Print the name and title of each signing officer under his or her signature.