Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated Announces Increased Monthly Dividend and Special Year End Dividend, Payable on December 31, 2013
The new regular monthly dividend rate for DFP will be $0.16 per share, which equates to an annual dividend of $1.92 per share. This new monthly dividend represents an increase of approximately 2.5% from the prior monthly dividend. In addition, shareholders will receive a special year-end dividend from net investment income of $0.052 per share. The December monthly dividend and the special year-end dividend will be paid on December 31, 2013 to holders of record of each fund's common stock on December 23, 2013. The expected ex-dividend date is December 19, 2013.