Flaherty Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty Crumrine Incorporated The fund invests in the public equity and fixed income markets across the globe It seeks to invest in stocks of companies operating across diversified sectors The fund primarily invests in investment grade securities consisting of preferred securities and other incomeproducing securities issued by companies which include traditional preferred stock trust preferred securities hybrid securities that have characteristics of equity and debt securities convertible securities subordinated debt and senior debt Flaherty Crumrine Dynamic Preferred and Income Fund Inc was formed on May 23 2013 and is domiciled in the United States