Fiera Capital Corp Purchases 47,670 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Fiera Capital Corp raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 88.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 101,601 shares of the company’s stock after acquiring an additional 47,670 shares during the period. Fiera Capital Corp’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $2,112,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at approximately $534,000. Hennion & Walsh Asset Management Inc. lifted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 158,315 shares of the company’s stock valued at $3,291,000 after acquiring an additional 36,304 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at approximately $936,000. 1607 Capital Partners LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter valued at approximately $1,720,000. Finally, International Assets Investment Management LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at approximately $141,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.24 on Wednesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12-month low of $19.56 and a 12-month high of $22.11. The business’s 50 day moving average is $20.65 and its 200-day moving average is $20.97.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be paid a dividend of $0.1295 per share. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.