Flaherty & Crumrine Dynamic Preferred & Income Fund Inc (DFP)
DFP 8-K filings, explained
Every material Form 8-K Flaherty & Crumrine Dynamic Preferred & Income Fund Inc has filed with the SEC since April 23, 2015, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The investment adviser to Flaherty & Crumrine Dynamic Preferred and Income Fund said portfolio manager Donald F. Crumrine will stop serving on the fund's management team on December 31, 2015, due to his upcoming retirement. R. Eric Chadwick and Bradford S. Stone will continue as portfolio managers, so the management team remains in place.
Donald F. Crumrine is retiring and will no longer serve as a portfolio manager effective December 31, 2015.
R. Eric Chadwick and Bradford S. Stone will continue to serve as portfolio managers for the fund.
The change was announced by the fund's investment adviser, Flaherty & Crumrine Incorporated, in a filing dated November 13, 2015.
The fund's investment adviser, Flaherty & Crumrine Incorporated, said portfolio manager Robert M. Ettinger will leave his role effective June 30, 2015, due to his impending retirement. The other three portfolio managers, R. Eric Chadwick, Bradford S. Stone and Donald Crumrine, will continue to manage the fund, so the management team remains in place apart from this change.
Robert M. Ettinger stops serving as a portfolio manager effective June 30, 2015
Reason given: his impending retirement
R. Eric Chadwick, Bradford S. Stone and Donald Crumrine continue as portfolio managers
On April 21, 2015, the boards of Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) elected R. Eric Chadwick as chief executive officer and president, replacing Donald F. Crumrine as principal executive officer and Robert M. Ettinger as president. Bradford S. Stone was elected chief financial officer and vice president, replacing Chadwick in that role.
R. Eric Chadwick named Chief Executive Officer and President, replacing Donald F. Crumrine as principal executive officer
Bradford S. Stone named Chief Financial Officer and Vice President, replacing Chadwick as principal financial officer
Donald F. Crumrine will continue as Chairman of the Boards of Directors
Changes apply to DFP and sister funds FFC and FLC; all other officer positions are unchanged
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Flaherty & Crumrine Dynamic Preferred & Income Fund Inc filing is on SEC EDGAR ↗. 8-K briefs of other companies →