DFP Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated CEF Edit This CEF

This is an actively managed closed end fund that seeks total return, with an emphasis on high current income. Under normal market conditions, the Fund invests at least 80% of its “Managed Assets” in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies, including traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of both equity and debt securities, convertible securities, contingent capital securities, subordinated debt, and senior debt. The company achieves leverage primarily through a bank loan, with interest based on one-month LIBOR plus 0.80% on the drawn balance.

$16.88
As of 03/23/2023     IEX book   CBOE book

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CEF Information

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Sponsor:     Flaherty & Crumrine
Category1:  Special Security Types
Category2:  Preferred stock
Category3:  Global
Morningstar category:  Preferred Stock
Leverage factor:  1.50    as of 11/30/2019
Inception date:  05/24/2013
Current yield:  11.62%
Historical average yield:  7.68%
Market cap:  $346,683,753
Average volume:  102,317
Fees:     2.0600%
Investment style: Actively managed
All SEC Filings:  SEC Edgar Online
Semi-Annual filings:  N-CSR
Quarterly holdings:  NPORT


Fund NAV:              $18.57
Trading discount:     -9.10%