FFC and FLC Announce Increased Monthly Dividends

PASADENA, Calif. & LISLE, Ill.--(Business Wire)--
The Boards of Directors of Flaherty & Crumrine/Claymore Preferred Securities
Income Fund Incorporated (NYSE: FFC) and Flaherty & Crumrine/Claymore Total
Return Fund Incorporated (NYSE: FLC) have approved new dividend amounts on their
common stock as detailed below.

The new monthly dividend rate for FFC will be $0.120 per share, which equates to
an annual dividend of $1.44 per share. This new monthly dividend represents an
increase of approximately 5.3% over the prior monthly dividend.

The new monthly dividend rate for FLC will be $0.125 per share, which equates to
an annual dividend of $1.50 per share. This new monthly dividend represents an
increase of approximately 7.8% over the prior monthly dividend.

These dividend rates will be effective with the dividends to be paid on May 31,
2010. Record and expected ex-dividend dates will be announced early next month.

Donald F. Crumrine, Chairman of the Boards of the funds, said, "As we discussed
in greater detail in each fund`s recent annual report, the preferred market has
seen an extraordinary rebound since its historic lows in early March 2009, and
both funds have seen significant improvement in their net asset values. As a
result, each fund increased its leverage borrowings in February, March and
April. This borrowing has enabled each fund to generate additional income to
distribute to shareholders. Further, the funds` cost of borrowing is tied to
short-term interest rates, which are currently at historically low levels.
Overall, we are pleased that leverage has continued to help each fund in
delivering on its primary investment objective of high current income."

FFC and FLC were organized in 2003 as closed-end, diversified investment
companies.FFC invests primarily in preferred securities with an investment
objective of high current income consistent with preservation of capital.FLC
invests primarily in preferred and other income-producing securities with a
primary investment objective of high current income and a secondary objective of
capital appreciation.FFC and FLC are managed by Flaherty & Crumrine
Incorporated, an independent investment adviser which was founded in 1983 to
specialize in the management of portfolios of preferred and related
securities.Flaherty & Crumrine also manages two other U.S. closed-end
funds:Flaherty & Crumrine Preferred Income Fund (NYSE: PFD); and Flaherty &
Crumrine Preferred Income Opportunity Fund (NYSE: PFO).

Website: www.fcclaymore.com

PRESS AND ANALYST INQUIRIES:
Flaherty & Crumrine Incorporated
Donald F. Crumrine
626-795-7300
crumrine@pfdincome.com
or
SHAREHOLDER INQUIRIES:
Claymore Securities, Inc.
Greg Drake and William Korver
630-505-3700
gdrake@claymore.com
wkorver@claymore.com

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