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.

Cohen & Steers Infrastructure Fund Inc

“Compound interest is the eighth wonder of the world.

Retirement: The Power Of Compounding

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Flaherty & Crumrine Preferred Income Fund Inc

Flaherty & Crumrine Preferred Income OpportunityFund Inc

We review CEF market valuation and performance through the last week of April and highlight recent market action. CEFs had a strong week to claw back some losses and finish April broadly flat.

CEF Weekly Review: 'Best-Of-Breed' Designation Is Usually An Admission Of Ignorance

BlackRock Enhanced Global Dividend Trust

John Hancock Financial Opportunities Fund

Credit Suisse

Invesco KBW Regional Banking ETF

3 Closed-End Fund Buys In The Month Of March 2023

First Trust Intermediate Duration Preferred & Income Fund

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Term Fund

Nuveen Preferred & Income Securities Fund

Nuveen Preferred & Income 2022 Term Fund

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

Nuveen Variable Rate Preferred & Income Fund

iShares Preferred and Income Securities ETF 

Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

UBS Group AG

Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.

Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire

Fixed Income investments have been hard hit over the last year because of interest rate hikes. Issues in the banking sector have delivered yet another blow to the price of fixed-income securities.

Blood In The Streets: I Am Loading Up On DFP, Yield 7.6%

Flaherty & Crumrine Dynamic Preferred and Income Fund, Inc. invests in a portfolio that mostly consists of preferred stocks in order to generate a high level of income for its investors. The DFP closed-end fund is heavily invested in the banking sector, but it should still be reasonably safe from the troubles affecting these companies.

DFP: Some Risks But Not A Bad Income Vehicle

American Tower

Crown Castle International

Digital Realty Trust

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Microsoft

NXG NextGen Infrastructure Income Fund

Tortoise Essential Assets Income Term Fund

After a strong January, the markets have taken a turn lower for the month of February. While a general pause could be warranted after such a run, strong economic data and inflation sent the markets lower.

4 Closed-End Fund Buys In The Month Of February 2023

Enterprise Products Partners

Exciting companies are great to discuss but not necessarily to invest. To sleep well at night, your investments should be boring and predictable.

2 Great Boring Dividends For An Exciting Retirement

New American High Income Fund

DFP and HYB cut their distributions recently; DFP had cut several times through 2022. This isn't always bad as they focus on the longer term and do not overdistribute more than what they earn from income.

DFP And HYB: 2 Strong Funds Focused On Paying Sustainable Distributions

Ares Dynamic Credit Allocation Fund

ArrowMark Financial

Brandywine Global Income Opportunities Fund Inc

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Highland Income Fund

Western Asset High Income Opportunity Fund Inc

Pioneer Diversified High Income Trust

KKR Income Opportunities Fund

PIMCO Dynamic Income Opportunities Fund

Principal Real Estate Income Fund

Pioneer High Income Trust

TCW Strategic Income Fund

Western Asset Diversified Income Fund

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!

Blackrock California Muni Income Trust

Barings Global Short Duration High Yield Fund

Blackstone/GSO Senior Floating Rate Term Fund

Eaton Vance California Municipal Income Trust

MFS Investment Grade Municipal Trust

DoubleLine Income Solutions Fund

BNY Mellon Strategic Municipal Bond Fund, Inc.

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Federated Premier Municipal Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Income Fund

Deutsche Strategic Municipal Income Trust

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Oxford Lane Capital

PIMCO Dynamic Income Fund

PIMCO Strategic Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

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

abrdn Life Sciences Investors 

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

Western Asset Mortgage Opportunity Fund

Angel Oak Financial Strategies Income Term Trust

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

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

BNY Mellon High Yield Strategies Fund 

DoubleLine Yield Opportunities Fund

Nuveen Real Asset Income & Growth Fund

Pimco Global Stockplus & Income Fund

Pioneer Floating Rate Trust

RiverNorth Capital and Income Fund

Franklin 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

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