Flaherty & Crumrine Dynamic Preferred and Income Fund Inc.

Frequently Asked Questions About DFP

What does DFP invest in?

The Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) is a U.S.-domiciled, closed-end, balanced mutual fund, actively managed by Flaherty & Crumrine Incorporated. Established on May 23, 2013, the fund pursues global investment opportunities, allocating capital across public equity and fixed income markets. Its equity holdings span a diverse range of companies and sectors. A core component of its strategy involves investing primarily in investment-grade, income-producing securities. These encompass a variety of instruments such as traditional preferred stock, trust preferred securities, hybrid securities combining characteristics of both equity and debt, convertible securities, subordinated debt, and senior debt.

What is the expense ratio of DFP?

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) charges an expense ratio of 4.30%. This is the annual fee deducted from fund assets to cover management and operations.

What is DFP's dividend yield?

DFP's trailing-twelve-month yield is 6.65%, calculated from the sum of dividends over the past year divided by the current price.

How big is DFP?

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) manages $432.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DFP actively managed or an index fund?

DFP is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DFP's is 4.30%) in exchange for the discretion to over- or under-weight positions.

When was DFP launched?

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) launched in May 2013 and is managed by the fund issuer.