FLC: Deep Discount And Better Outlook Lead To Opportunity [Seeking Alpha]
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP)
US:NYSE Investor Relations:
en.wikipedia.org/wiki/robert_j._flaherty
Company Research
Source: Seeking Alpha
FLC recently raised its distribution, and that provides a glimmer of hope that stabilization is taking place. The fund has a potentially brighter future moving forward, and the large discount present could be a further opportunity. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Written by Nick Ackerman, co-produced by Stanford Chemist. The discount for Flaherty & Crumrine Total Return Fund FLC ) is off the deep levels of our prior update. That said, the fund's discount to its net asset value still remains material. Given the recent distribution boost, it is a good reminder that things are starting to stabilize and settle on the rate front. Of course, this fund is still impacted significantly by risk-free Treasury Rates in terms of its underlying value. It isn't just all about the short-term rates that the Fed has control over, and that wreaked havoc on the fund's borrowing costs. Our last updat
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Sec Filings
- 4/24/24 - Form NPORT-P
- 3/4/24 - Form DEF
- 2/8/24 - Form N-CEN
- DFP's page on the SEC website