Flaherty & Crumrine Dynamic Preferred & Income Fund

Flaherty & Crumrine Dynamic Preferred & Income Fund, Inc. is a diversified and closed-end management company. It invests in the portfolio of preferred and other income-producing securities. The firm aims to seek total return and to provide high income. The company was founded on October 10, 2012 and is headquartered in Pasadena, CA.

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Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, December 2022

Flaherty & Crumrine Dynamic Preferred and Income Fund, Inc. offers a way for investors to generate a high level of income that can help offset the loss of purchasing power that we have seen due to inflation. The closed-end fund invests in a portfolio of banks and other income-producing securities to generate a high level of total income.

DFP: This Fund Is Looking Better Than In The Past

Antero Midstream Partners

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

We are about to head into a period of economic unrest caused by the Fed's rapid increase in interest rates and the uncertainty over when the Fed will taper off. While we don't expect a recession until late next year, the next 6 to 9 months is the time to begin preparations.

Recession Coming Soon: Safeguard Your Income!

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Eaton Vance California Municipal Income Trust

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DoubleLine Income Solutions Fund

Dreyfus Strategic Municipal Bond Fund Inc

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Federated Premier Municipal Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Income Fund

New American High Income Fund

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Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

Quality Closed-End Fund Report, November 2022

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Tekla Healthcare Opportunities

Tortoise Energy Infrastructure

Invesco Senior Income Trust

October had the broader indexes rebounding after their lackluster September. With limited cash to put to work this month after an aggressive September, I was more conservative in buying.

5 Closed-End Fund Buys In The Month Of October 2022

My last article reviewed the Flaherty & Crumrine Preferred and Income Securities Fund. All five F&C CEFs are down and one suggested strategy was doing a tax-loss swap. While all five funds invest closely, I chose to review two as a possible replacement for those investors who do not want to wait out the 30-day "wash rule" period.

Possible Tax-Loss Trades For Flaherty & Crumrine CEFs

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Flaherty & Crumrine Preferred Income Fund Inc

Flaherty & Crumrine Preferred Income OpportunityFund Inc

We review CEF market valuation and performance through the last week of September and highlight recent market action. September was the worst month for CEFs since March of 2020, with a double-digit drop for the broader CEF space.

CEF Weekly Review: Rising Leverage Costs Remain A Headwind For Some Funds

PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have d

PFD, PFO, FFC, FLC and DFP Announce October and November Dividends

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.

Dreyfus High Yield Strategies Fund

DoubleLine Yield Opportunities Fund

John Hancock Preferred Income Fund

Nuveen Preferred & Income Securities Fund

Nuveen Real Asset Income & Growth Fund

Pimco Global Stockplus & Income Fund

Pioneer Floating Rate Trust

RiverNorth Capital and Income Fund

Templeton Emerging Markets Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2022

DFP and the rest of the Flaherty & Crumrine group of funds are leveraged preferred funds. While higher rates can lead to higher yields, higher leverage expenses are felt first.

DFP: The Ugly Side Of Higher Rates

Western Asset High Yield Defined Opportunity Fund Inc

Ivy High Income Opportunities Fund

Pimco High Income Fund

Western Asset Premier Bond Fund

YieldShares High Income ETF

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, July 2022

PFD, PFO, FFC, FLC and DFP Announce August and September Dividends

DFP is a CEF focused on preferred securities. The fund's objective is to seek total return, and the vehicle currently sports an 8.34% yield.

DFP: Preferred Securities CEF, Robust Performance

Manulife Financial

When dividends are cheap, it is time to be a buyer. Banking and Insurance have been Mr. Buffett's favorite businesses through economic hurricanes.

Buy The Fear Like Buffett: 2 Bargain Yields +8%

When we last covered the Flaherty & Crumrine funds, we provided a free lunch. It was a simple but brilliant call that saved a lot of money.

DFP, PFD And FLC: Did You Enjoy Your Free Lunch?

Blackrock Debt Strategies Fund Inc

Blackrock Floating Rate Income Strategies Fund Inc

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Pimco New York Municipal Income Fund II

Pimco New York Municipal Income Fund III

Recent market volatility has opened up discount valuation divergences between very similar CEFs.

Pick Up Yield In These CEF Relative Value Switches

Bond vigilantes seem to be at it again, driving bond yields higher.

Bonds Are Getting Crushed, I Am Loading Up On Fat Yields Up To 11%

Flaherty & Crumrine is an outfit that has produced some exceptional funds. We have covered two of their funds previously and now we look at a third.

DFP, PFD And FFC: Where Is My Free Lunch?

British American Tobacco

It is easier to buy and remain invested in dividend-paying stocks when volatility is high.

2 Beaten-Down Dividend Stocks Poised To Pop In 2022

 BlackRock Future Innovators ETF

BlackRock Innovation & Growth Trust

We finished up 2021 with another successful year for the broader market indexes.

4 Closed-End Funds Bought To Finish Up The Year

First Trust Intermediate Duration Preferred & Income Fund

John Hancock Preferred Income Fund II

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Cohen & Steers Select Preferred and Income Fund

Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is mirroring the broader CEF spaces actions.

Closed-End Funds: A Check-Up On The Preferred Space

Alpine Global Dynamic Dividend Fund

Apollo Tactical Income Fund, Inc.

Alpine Total Dynamic Dividend Fund

Stone Harbor Emerging Markets Total Income Fund

First Trust MLP & Energy Income Fund

First Trust New Opportunities Mlp & Energy Fund

PIMCO Dynamic Credit and Mortgage Income Fund

Pimco Income Opportunity Fund

'High-High-Low' Closed-End Fund Report, November 2021

DFP is a Flaherty & Crumrine fund; F&C has shown to be the top performing preferred fund sponsor historically. This fund is currently traded at a slight premium, but is down from premiums it had reached earlier this year.

DFP: Attractive Value From This Solid Fund

Investors continue to struggle with an inability to generate any significant amount of income from their portfolios. DFP invests in a portfolio of preferred stock and fixed-income securities to help investors overcome that problem.

DFP: Great Income Fund But Premium Valuation Remains Off-Putting

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities Fund

Blackrock Core Bond Trust

Blackrock Health Sciences Trust

BlackRock Science & Technology

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Dynamic Convertible & Income Fund

Calamos Convertible And High Income Fund

BlackRock Enhanced Capital and Income Fund

Calamos Strategic Total Return Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Gabelli Dividend & Income Trust

GGM Macro Alignment ETF

John Hancock Tax-Advantaged Dividend Income Fund

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen Select Tax-Free Income Portfolio

PIMCO Corporate & Income Strategy Fund

John Hancock Premium Dividend Fund

A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.

CEF Focus Investing - My Rule Of Thumb In Action

News for Flaherty & Crumrine Dynamic Preferred & Income Fund ETF (DFP)