CEF Advisors

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Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP)

Specialty Equity Funds - Preferred Equity

Data as of Oct. 17, 2019
Market Price $26.28 (+ $0.12)
NAV (Oct. 17, 2019) $26.34 (+ $0.01)
Premium / Discount -0.23% (+0.42%)
Fund Info
Inception May 24, 2013
Sponsor Flaherty & Crumrine Incorporated
Website http://flahertyfunds.c...
Phone 877-855-3434
Objective: High current income; preferred and other income-producing securities issued by U.S. and non-U.S. companies
Related Indexes
60/40 Balanced (w/ BDCs) Index
Preferred Equity Index
Capital & Leverage
Outstanding Shares 19,164,361
Total Assets (Reported: May 31, 2019) $727M
Estimated Total Assets $760M
Net Assets $505M
Market Cap $504M
Purchases Turnover 16.09%
Sales Turnover 13.20%
Total Leverage 33.60%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.90%
Non Lev Exp Ratio 1.08%
Rel Lev Cost 3.53%
Discount Data
Average Discount (3 Yr) -2.97%
Discount Low(3 Yr) -12.57%
Discount High(3 Yr) 3.46%
Discount Rel Range 74.37%
Comp Discount -3.43
Discount St Dev (1Yr) 3.29
Z-Stat (6mo) 0.47
Z-Stat (1Yr) 0.87
Z-Stat (3Yr) 0.85
Comp Z-Stat (6mo) 0.18
Comp Z-Stat (3Yr) -0.27
Distribution Data
Market Yield 6.53%
Income Yield 6.53%
Lev Adj NAV Yield 4.88%
Distribution Frequency M
Current Distribution $0.143
Current Income $0.143
Ex-Date 10/23/19
Payable Date 10/31/19
Div Growth (3yr) -10.62%
Dividend Change -3.4% on 12/11/18
Expected Div 10/24/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018 2016 - 2018
Income 100% 100%
ST Gains 0% 0%
QDI 87.4% 81.8%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $1,202
Avg Volume 30 day 35,620
Avg Volume 90 day 45,738
Volume Trend -22.12%
Comp Volume Trend -23.22%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
Most Correlated Peer (Mk Pr): HPS 78.0%
NAV - Price Correlation (30 d) 63.3%
NAV - Price Correlation (90 d) 78.1%
NAV - Price Correlation (1 Yr) 97.7%
Price St Dev (1Yr) 11.5%
NAV St Dev (1Yr) 4.6%
Earnings / Share (5/31/19) $0.134
Earn Coverage 93.85%
Earnings Trend Down
UNII / Share (5/31/19) $-0.017
Rel UNII -0.98
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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