Welcome to our dedicated page for Flah & Crum Dynamic Pref & Income Fund SEC filings (Ticker: DFP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Flah & Crum Dynamic Pref & Income Fund's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Flah & Crum Dynamic Pref & Income Fund's regulatory disclosures and financial reporting.
Flaherty & Crumrine’s five closed-end funds, including Dynamic Preferred and Income Fund (DFP), are calling joint annual shareholder meetings on April 15, 2026 in Pasadena, California. Shareholders of record at the close of business on January 15, 2026 may vote.
The sole proposal is electing directors for staggered three-year terms. For DFP, shareholders will vote on Karen H. Hogan and Kevin M. Maxwell. Voting is by plurality, with each share carrying one vote. The funds confirm KPMG LLP as independent accountants and disclose director ownership, board structure, committee roles, and detailed director and audit fees.
DFP submitted an annual N-CEN reporting template for a registered investment company, providing structured disclosures about its organization, service providers, governance, and certain operational items.
The excerpt lists multiple principal transactions with the fund, reporting individual total purchases and sales values such as 20,471,045 and 23,250,543 as examples of dealer activity during the reporting period.
Flaherty & Crumrine Dynamic Preferred & Income Fund Inc. director reports no holdings. A Form 3 for director Kevin Michael Maxwell states that no non-derivative or derivative securities of the fund are beneficially owned as of the January 21, 2026 event date.
Flaherty & Crumrine Dynamic Preferred and Income Fund reported a solid fiscal year ended November 30, 2025, with a 9.3% total return on net asset value (NAV) and an 11.1% return on market price, outpacing its preferred benchmark’s 4.2% one-year return.
Net investment income was $28.9 million, supporting $29.5 million of dividends and lifting NAV from $22.36 to $22.80 per share. On November 30, the share price was $21.35, a 6.36% discount to NAV, implying a 6.87% yield based on the latest monthly dividend.
The fund uses leverage via a $276.3 million credit facility, contributing 2.2 percentage points to the one-year NAV return and leaving total managed assets at $744.5 million. The portfolio is concentrated in preferred and contingent capital securities from banks, insurers, utilities, and energy issuers, with top positions in Citigroup, Morgan Stanley, Liberty Mutual, and MetLife.
Management highlights a supportive backdrop of strong financial-sector earnings, lower short-term rates, and resilient credit quality. In 2025, about 98.7% of distributions qualified for qualified dividend income (QDI) and 41.5% were eligible for the corporate dividends received deduction, enhancing after-tax income for many shareholders.
Raymond James & Associates filed a Schedule 13G reporting a passive stake in Flaherty & Crumrine Dynamic Preferred & Income Fund Inc. (DFP) preferred stock. The firm reported beneficial ownership of 1,143,022.37 shares, representing 5.6% of the class as of the event date 09/30/2025.
Raymond James reported 0 shares with sole or shared voting power and 1,143,022.37 shares with sole dispositive power. The filer is classified as an Investment Adviser (IA) and certified that the securities were acquired and are held in the ordinary course of business, not to change or influence control.