DFP -preferred CEF-$1.91 | Closed-End Funds Message Board Posts



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Msg  22986 of 23229  at  3/21/2023 6:56:06 AM  by

urhmi


DFP -preferred CEF-$1.91

Investment Objective
The Fundís investment objective is to seek total return, with an emphasis on high current income.Under normal market conditions, the Fund invests at least 80% of its Managed Assets in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies.The Fund will invest, under normal market conditions, more than 25% of its total assets in the financials sector, which for this purpose is comprised of the bank, thrifts & mortgage finance, diversified financial services,etc.
They list 42% leverage...
And are showing dividend income down from 11.4 cents to 3.5 cents while postin
long gain 7.8 cents. EOY Nov.
I do not own any fwiw so this is a heads Up PSA.

Best Rgds,
R..............drpped share price of more than 10% 3/20/23


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