EXHIBIT 77Q1(e) FLAHERTY & CRUMRINE PREFERRED INCOME FUND INCORPORATED (the "Fund") AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT January 24, 1991 As amended and restated May 22, 2008 Flaherty & Crumrine Incorporated 301 E. Colorado Boulevard...Investment Advisory Agreement • July 29th, 2008 • Flaherty & Crumrine Preferred Income Fund Inc • New York
