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, 2007 - JUNE 30, 2008 ---------------------------- 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, 2007 TO JUNE 30, 2008 FORM N-PX SPREADSHEET REGISTRANT NAME: INVESTMENT COMPANY ACT FILE NUMBER: REPORTING PERIOD: REGISTRANT ADDRESS: NAME OF SERIES (AS APPLICABLE): Flaherty & Crumrine / Claymore Preferred Securities Income Fund Incorporated 811 - 21129 07/01/2007 - 06/30/2008 301 E. Colorado Boulevard, Suite 720, Pasadena, California 91101 ISSUER OF PORTFOLIO EXCHANGE TICKER SHAREHOLDER SECURITY SYMBOL CUSIP # MEETING DATE -------------------------------------------------------------------------------------------------------------- Tempfund Fund Inst'l Shares BLK 09248U619 9/7/2007 -------------------------------------------------------------------------------------------------------------- Wachovia Preferred Funding WNA-P 92977V206 5/12/2008 -------------------------------------------------------------------------------------------------------------- Xcel Energy XEL 98389B506 5/21/2008 -------------------------------------------------------------------------------------------------------------- Xcel Energy XEL 98389B506 5/21/2008 -------------------------------------------------------------------------------------------------------------- Xcel Energy XEL 98389B506 5/21/2008 -------------------------------------------------------------------------------------------------------------- Xcel Energy XEL 98389B506 5/21/2008 -------------------------------------------------------------------------------------------------------------- Xcel Energy XEL 98389B506 5/21/2008 -------------------------------------------------------------------------------------------------------------- ISSUER OF PORTFOLIO WHO PROPOSED SECURITY SUMMARY OF MATTER VOTED ON MATTER: ISSUER/SHAREHOLDER -------------------------------------------------------------------------------------------------------------------------------- Tempfund Fund Inst'l Shares Approve directors Issuer -------------------------------------------------------------------------------------------------------------------------------- Wachovia Preferred Funding Approve directors Issuer -------------------------------------------------------------------------------------------------------------------------------- Xcel Energy Approve directors Issuer -------------------------------------------------------------------------------------------------------------------------------- Xcel Energy Approve auditor Issuer -------------------------------------------------------------------------------------------------------------------------------- Xcel Energy Majority voting standard in uncontested elections Issuer -------------------------------------------------------------------------------------------------------------------------------- Xcel Energy Separation of role of Chairman and CEO Security Holder -------------------------------------------------------------------------------------------------------------------------------- Xcel Energy Comprehensive healthcare reform Security Holder -------------------------------------------------------------------------------------------------------------------------------- FUND'S VOTE FOR OR AGAINST PROPOSAL, OR ABSTAIN; FOR OR ISSUER OF WHETHER FUND WITHHOLD REGARDING WHETHER VOTE PORTFOLIO CAST VOTE ON ELECTION OF WAS FOR OR SECURITY MATTER DIRECTORS AGAINST MANAGEMENT ------------------------------------------------------------------------------------------------------ Tempfund Fund Inst'l Shares Yes For For ------------------------------------------------------------------------------------------------------ Wachovia Preferred Funding Yes For For ------------------------------------------------------------------------------------------------------ Xcel Energy Yes For For ------------------------------------------------------------------------------------------------------ Xcel Energy Yes For For ------------------------------------------------------------------------------------------------------ Xcel Energy Yes For For ------------------------------------------------------------------------------------------------------ Xcel Energy Yes Against For ------------------------------------------------------------------------------------------------------ Xcel Energy 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 8/6/2008 ----------------------------------------------------------------------------