- CEO
- Donald Frasier Crumrine
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 301 East Colorado Boulevard Pasadena CA United States of America 91101
- IPO Date
- May 24, 2013
- Business
- Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) is a closed-end balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund seeks total return, with an emphasis on high current income, investing at least 80% of its managed assets under normal market conditions in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies; these primarily include investment-grade traditional preferred stock, trust preferred securities, hybrid securities with characteristics of both equity and debt, convertible securities, subordinated debt, and senior debt. It allocates more than 25% of total assets to the financials sector, encompassing banks, thrifts and mortgage finance, diversified financial services, and related areas; additional exposure spans insurance, utilities, energy, communications, and real estate investment trusts across diversified sectors globally. Formed on May 23, 2013, and domiciled in the United States, the fund is headquartered at 301 East Colorado Boulevard, Suite 800, Pasadena, California 91101-1911, where its investment adviser Flaherty & Crumrine Incorporated oversees operations. The fund trades on the New York Stock Exchange under the ticker DFP. Recent SEC filings reflect ongoing proxy solicitations and portfolio reporting activities, including multiple DEFA14A and NPORT-P submissions in 2025, alongside standard N-CEN and DEF 14A disclosures, indicating routine governance and operational updates without major strategic shifts, acquisitions, partnerships, funding rounds, or new product launches reported in the past 1-2 years. Portfolio managers include Donald Frasier Crumrine CFA, Robert Eric Chadwick CFA, and Bradford Sydenham Stone.