Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP Position Increased by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 445,325 shares of the company’s stock after buying an additional 86,981 shares during the quarter. Sit Investment Associates Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $9,258,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% in the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock valued at $735,000 after buying an additional 1,048 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock worth $455,000 after acquiring an additional 1,398 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.9% in the 4th quarter. Principal Securities Inc. now owns 39,248 shares of the company’s stock worth $816,000 after acquiring an additional 1,471 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.5% during the third quarter. Private Advisor Group LLC now owns 38,375 shares of the company’s stock worth $830,000 after purchasing an additional 1,663 shares during the period. Finally, Level Four Advisory Services LLC raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 17.9% during the third quarter. Level Four Advisory Services LLC now owns 11,500 shares of the company’s stock worth $249,000 after purchasing an additional 1,750 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.2%

DFP stock opened at $20.43 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $19.56 and a one year high of $22.11. The firm has a 50-day moving average of $20.67 and a two-hundred day moving average of $20.93.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a $0.1295 dividend. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.