# Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dfp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2013-05-24 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 s... ## Key Facts | Metric | Value | |---|---| | Price | $18.66 | | Expense Ratio | 4.30% | | Market Value | $383.2M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 8.45% | | Annual Distribution (TTM) | $1.58 /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.35 – $22.05 | | Beta | 0.75 | ## Latest Distribution - Amount: $0.1314 /share - Ex-date: 2026-11-20 - Pay date: 2026-11-30 ## Frequently Asked Questions ### 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 8.45%, 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) has a market value of $383.2M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. 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. ### Does DFP pay a dividend? Yes, Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) distributes dividends to shareholders. The trailing-twelve-month yield is 8.45%. Full dividend history is on this page. ### How often does DFP pay dividends? Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is DFP's next ex-dividend date? The most recently announced ex-dividend date for DFP was 2026-11-20. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will DFP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.30% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DFP charge its expense ratio? The expense ratio is deducted in tiny daily slices from DFP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DFP cost more than a fund like VOO? DFP is actively managed (current expense ratio 4.30%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DFP's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DFP? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as DFP (4.30%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dfp - Distribution history: https://www.dividenddata.com/funds/dfp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dfp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dfp/expenses - Peer comparison: https://www.dividenddata.com/funds/dfp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.