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Closed-End Funds
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DFP -preferred CEF-$1.91Investment Objective The Fund’s 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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