DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated is a closed-end management investment company that primarily invests in a portfolio of preferred and other income-producing securities. The fund aims to provide high current income while preserving capital, focusing at least 80% of its managed assets in these securities, which include traditional preferred stock, hybrid securities, and subordinated debt. It allocates a minimum of 25% of its total assets to the financial sector, which encompasses various industries such as banking, insurance, and asset management. The fund may also invest in U.S. and international dollar-denominated securities, with a significant portion required to be rated investment grade.