0001752724-24-015005.txt : 20240126
0001752724-24-015005.hdr.sgml : 20240126
20240126112942
ACCESSION NUMBER:		0001752724-24-015005
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20231130
FILED AS OF DATE:		20240126
DATE AS OF CHANGE:		20240126
PERIOD START:           	20231130
FILER:
	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Flaherty & Crumrine Dynamic Preferred & Income Fund Inc
		CENTRAL INDEX KEY:			0001559991
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22762
		FILM NUMBER:		24565405
	BUSINESS ADDRESS:	
		BUSINESS PHONE:		626-795-7300
	MAIL ADDRESS:	
		STREET 1:		301 E. COLORADO BOULEVARD, SUITE 800
		STREET 2:		C/O FLAHERTY & CRUMRINE INC
		CITY:			PASADENA
		STATE:			CA
		ZIP:			91101
	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Flaherty & Crumrine Preferred & Income Allocation Fund Inc
		DATE OF NAME CHANGE:	20121019
	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Flaherty & Crumrine Global Preferred & Income Securities Fund Inc
		DATE OF NAME CHANGE:	20121010
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          N
        
      
      
        ALLY FINANCIAL INC
        549300JBN1OSM8YNAI90
        ALLY FINANCIAL INC
        02005NBN9
        
          
          
        
        2150000.00000000
        PA
        USD
        1391213.19000000
        0.343883878680
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SEMPRA
        PBBKGKLRK5S5C0Y4T545
        Sempra
        816851BK4
        
          
          
        
        3200000.00000000
        PA
        USD
        3074150.72000000
        0.759876977043
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC CAPITAL FUNDING USD
        213800HMY2DB765NHE46
        HSBC Capital Funding Dollar 1 LP
        40427LAB0
        
          
          
        
        4458000.00000000
        PA
        USD
        5439080.98000000
        1.344446902388
        Long
        DBT
        CORP
        JE
        N
        2
        
          N/A
          Fixed
          10.17600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REGIONS FINANCIAL CORP
        CW05CS5KW59QTC0DG824
        Regions Financial Corp
        7591EP506
        
          
          
        
        548760.00000000
        NS
        USD
        12198934.80000000
        3.015366045221
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        060505FL3
        
          
          
        
        3460000.00000000
        PA
        USD
        3170292.44000000
        0.783641550162
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMORGAN CHASE & CO
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        48128BAN1
        
          
          
        
        4375000.00000000
        PA
        USD
        3949524.69000000
        0.976254307465
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          3.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ZIONS BANCORP NA
        8WH0EE09O9V05QJZ3V89
        Zions Bancorp NA
        989701818
        
          
          
        
        64678.00000000
        NS
        USD
        1631179.16000000
        0.403199323004
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        BBVA BANCOMER SA TEXAS
        549300WIWQK5Q9MCUN92
        BBVA Bancomer SA/Texas
        05533UAG3
        
          
          
        
        1500000.00000000
        PA
        USD
        1349325.30000000
        0.333529915544
        Long
        DBT
        CORP
        MX
        N
        2
        
          2034-09-13
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CADENCE BANK
        Q7C315HKI8VX0SSKBS64
        Cadence Bank
        12740C202
        
          
          
        
        57777.00000000
        NS
        USD
        1079274.36000000
        0.266777986109
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        KEYCORP
        RKPI3RZGV1V1FJTH5T61
        KeyCorp
        493267702
        
          
          
        
        265788.00000000
        NS
        USD
        5746336.56000000
        1.420395176424
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        BNP PARIBAS
        R0MUWSFPU8MPRO8K5P83
        BNP Paribas SA
        05565AM34
        
          
          
        
        2280000.00000000
        PA
        USD
        2248817.35000000
        0.555868818898
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENBRIDGE INC
        98TPTUM4IVMFCZBCUR27
        Enbridge Inc
        29250NBC8
        
          
          
        
        900000.00000000
        PA
        USD
        783742.50000000
        0.193727613225
        Long
        DBT
        CORP
        CA
        N
        2
        
          2080-07-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CAPITAL ONE FINANCIAL CO
        ZUE8T73ROZOF6FLBAR73
        Capital One Financial Corp
        14040HCF0
        
          
          
        
        2750000.00000000
        PA
        USD
        2086102.70000000
        0.515648566989
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SYNCHRONY FINANCIAL
        549300RS7EWPM9MA6C78
        Synchrony Financial
        87165B202
        
          
          
        
        130000.00000000
        NS
        USD
        2164500.00000000
        0.535027025874
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        FIRST CITIZENS BANCSHARE
        549300N3Z00ZHE2XC526
        First Citizens BancShares Inc/NC
        319626305
        
          
          
        
        45359.00000000
        NS
        USD
        918519.75000000
        0.227042222245
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        SBL HOLDINGS INC
        635400MJW3QDSBJRKQ59
        SBL Holdings Inc
        78397DAA6
        
          
          
        
        3050000.00000000
        PA
        USD
        1948225.90000000
        0.481567802729
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AXIS SPECIALTY FINANCE
        N/A
        AXIS Specialty Finance LLC
        05463HAC5
        
          
          
        
        2045000.00000000
        PA
        USD
        1689941.44000000
        0.417724343980
        Long
        DBT
        CORP
        US
        N
        2
        
          2040-01-15
          Fixed
          4.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMED FINANCING III
        N/A
        ComEd Financing III
        20035AAA2
        
          
          
        
        1145000.00000000
        PA
        USD
        1142956.34000000
        0.282519071977
        Long
        DBT
        CORP
        US
        N
        2
        
          2033-03-15
          Fixed
          6.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TRANSCANADA TRUST
        549300Y0MFCAXLBWUV51
        Transcanada Trust
        89356BAE8
        
          
          
        
        3700000.00000000
        PA
        USD
        3097624.09000000
        0.765679188796
        Long
        DBT
        CORP
        CA
        N
        2
        
          2079-09-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SOUTHERN CO
        549300FC3G3YU2FBZD92
        Southern Co/The
        842587DJ3
        
          
          
        
        2175000.00000000
        PA
        USD
        1909855.10000000
        0.472083203513
        Long
        DBT
        CORP
        US
        N
        2
        
          2051-09-15
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LAND O'LAKES INC
        4ONCJWH5BBCYSJIJYX61
        Land O' Lakes Inc
        514666AM8
        
          
          
        
        725000.00000000
        PA
        USD
        569125.00000000
        0.140677872996
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMERICAN EXPRESS CO
        R4PP93JZOLY261QX3811
        American Express Co
        025816CH0
        
          
          
        
        1850000.00000000
        PA
        USD
        1564230.50000000
        0.386650770245
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          3.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO MERCANTIL DE NORTE
        549300QTVYRPFHS0J362
        Banco Mercantil del Norte SA/Grand Cayman
        05971PAB4
        
          
          
        
        2534000.00000000
        PA
        USD
        2314910.36000000
        0.572205869751
        Long
        DBT
        CORP
        MX
        N
        2
        
          N/A
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LIBERTY MUTUAL GROUP INC
        QUR0DG15Z6FFGYCHH861
        Liberty Mutual Group Inc
        53079EBM5
        
          
          
        
        2190000.00000000
        PA
        USD
        1787471.21000000
        0.441832019091
        Long
        DBT
        CORP
        US
        N
        2
        
          2051-12-15
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LINCOLN NATIONAL CORP
        EFQMQROEDSNBRIP7LE47
        Lincoln National Corp
        534187885
        
          
          
        
        50100.00000000
        NS
        USD
        1312620.00000000
        0.324456999169
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        VODAFONE GROUP PLC
        213800TB53ELEUKM7Q61
        Vodafone Group PLC
        92857WBQ2
        
          
          
        
        2300000.00000000
        PA
        USD
        2328787.38000000
        0.575636029482
        Long
        DBT
        CORP
        GB
        N
        2
        
          2079-04-04
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SOCIETE GENERALE
        O2RNE8IBXP4R0TD8PU41
        Societe Generale SA
        83370RAA6
        
          
          
        
        2300000.00000000
        PA
        USD
        1756420.76000000
        0.434156883994
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          5.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMER AGCREDIT ACA
        0002558989
        American AgCredit Corp
        02369GAA3
        
          
        
        1550000.00000000
        PA
        USD
        1441500.00000000
        0.356313909816
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DOMINION ENERGY INC
        ILUL7B6Z54MRYCF6H308
        Dominion Energy Inc
        25746UDM8
        
          
          
        
        1800000.00000000
        PA
        USD
        1550590.38000000
        0.383279168103
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          4.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        METLIFE INC
        C4BXATY60WC6XEOZDX54
        MetLife Inc
        59156RAV0
        
          
          
        
        2606000.00000000
        PA
        USD
        3386966.08000000
        0.837199532695
        Long
        DBT
        CORP
        US
        N
        2
        
          2039-08-01
          Fixed
          10.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NISOURCE INC
        549300D8GOWWH0SJB189
        NiSource Inc
        65473P881
        
          
          
        
        91800.00000000
        NS
        USD
        2306934.00000000
        0.570234251286
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        TRUIST FINANCIAL CORP
        549300DRQQI75D2JP341
        Truist Financial Corp
        89832QAE9
        
          
          
        
        1000000.00000000
        PA
        USD
        948277.70000000
        0.234397873658
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SOCIETE GENERALE
        O2RNE8IBXP4R0TD8PU41
        Societe Generale SA
        83368JFA3
        
          
          
        
        5000000.00000000
        PA
        USD
        4910727.50000000
        1.213847045139
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LINCOLN NATIONAL CORP
        EFQMQROEDSNBRIP7LE47
        Lincoln National Corp
        534187BR9
        
          
          
        
        1250000.00000000
        PA
        USD
        1307873.75000000
        0.323283808122
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNP PARIBAS
        R0MUWSFPU8MPRO8K5P83
        BNP Paribas SA
        05565AS20
        
          
          
        
        1300000.00000000
        PA
        USD
        1368090.10000000
        0.338168250095
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BARCLAYS PLC
        213800LBQA1Y9L22JB70
        Barclays PLC
        06738EBN4
        
          
          
        
        5025000.00000000
        PA
        USD
        4666836.09000000
        1.153561299827
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LAND O'LAKES INC
        4ONCJWH5BBCYSJIJYX61
        Land O' Lakes Inc
        514666AK2
        
          
          
        
        11700000.00000000
        PA
        USD
        10237500.00000000
        2.530533230487
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LLOYDS BANKING GROUP PLC
        549300PPXHEU2JF0AM85
        Lloyds Banking Group PLC
        539439AU3
        
          
          
        
        1000000.00000000
        PA
        USD
        966155.40000000
        0.238816932406
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMERICAN ELECTRIC POWER
        1B4S6S7G0TW5EE83BO58
        American Electric Power Co Inc
        025537AU5
        
          
          
        
        1360000.00000000
        PA
        USD
        1125190.83000000
        0.278127744659
        Long
        DBT
        CORP
        US
        N
        2
        
          2062-02-15
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VISTRA CORP
        549300KP43CPCUJOOG15
        Vistra Corp
        92840MAC6
        
          
          
        
        450000.00000000
        PA
        USD
        427842.00000000
        0.105755154910
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WELLS FARGO & COMPANY
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co
        949746TD3
        
          
          
        
        2125000.00000000
        PA
        USD
        1918444.05000000
        0.474206243648
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UBS GROUP AG
        549300SZJ9VS8SGXAN81
        UBS Group AG
        902613AD0
        
          
          
        
        1550000.00000000
        PA
        USD
        1160880.72000000
        0.286949669215
        Long
        DBT
        CORP
        CH
        N
        2
        
          N/A
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PROVIDENT FINANCING TR I
        N/A
        Provident Financing Trust I
        743863AA0
        
          
          
        
        9836000.00000000
        PA
        USD
        9921737.66000000
        2.452482232264
        Long
        DBT
        CORP
        US
        N
        2
        
          2038-03-15
          Fixed
          7.40500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALGONQUIN PWR & UTILITY
        549300K5VIUTJXQL7X75
        Algonquin Power & Utilities Corp
        015857AH8
        
          
          
        
        3200000.00000000
        PA
        USD
        2634496.00000000
        0.651201921717
        Long
        DBT
        CORP
        CA
        N
        2
        
          2082-01-18
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PNC FINANCIAL SERVICES
        CFGNEKW0P8842LEUIA51
        PNC Financial Services Group Inc/The
        693475BC8
        
          
          
        
        950000.00000000
        PA
        USD
        730483.88000000
        0.180563001970
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENSTAR FINANCE LLC
        N/A
        Enstar Finance LLC
        29360AAB6
        
          
          
        
        1690000.00000000
        PA
        USD
        1390638.30000000
        0.343741775798
        Long
        DBT
        CORP
        US
        N
        2
        
          2042-01-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        M&T BANK CORPORATION
        549300WYXDDBYRASEG81
        M&T Bank Corp
        55261FAN4
        
          
          
        
        1700000.00000000
        PA
        USD
        1216543.29000000
        0.300708495401
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        QBE INSURANCE GROUP LTD
        549300D2FBW76FPUSG65
        QBE Insurance Group Ltd
        74728GAE0
        
          
          
        
        1550000.00000000
        PA
        USD
        1494687.17000000
        0.369460859865
        Long
        DBT
        CORP
        AU
        N
        2
        
          N/A
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARBOR REALTY TRUST INC
        549300ASFUWYQO0RW077
        Arbor Realty Trust Inc
        038923876
        
          
          
        
        29258.00000000
        NS
        USD
        484512.48000000
        0.119763119045
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        REGIONS FINANCIAL CORP
        CW05CS5KW59QTC0DG824
        Regions Financial Corp
        7591EP704
        
          
          
        
        284219.00000000
        NS
        USD
        5644589.34000000
        1.395245020495
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        CREDIT AGRICOLE SA
        969500TJ5KRTCJQWXH05
        Credit Agricole SA
        225313AD7
        
          
          
        
        915000.00000000
        PA
        USD
        916601.25000000
        0.226568002171
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          7.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NUSTAR LOGISTICS LP
        N62BF2PKP51FIIOIUN20
        NuStar Logistics LP
        67059T204
        
          
          
        
        105773.00000000
        NS
        USD
        2840005.05000000
        0.702000210381
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        CITIGROUP INC
        6SHGI4ZSSLCXXQSBB395
        Citigroup Inc
        172967JM4
        
          
          
        
        1400000.00000000
        PA
        USD
        1353837.38000000
        0.334645223811
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        APOLLO MANAGEMENT HOLDIN
        5493006XQW0V5K38YM64
        Apollo Management Holdings LP
        03765HAE1
        
          
          
        
        1025000.00000000
        PA
        USD
        926523.95000000
        0.229020722277
        Long
        DBT
        CORP
        US
        N
        2
        
          2050-01-14
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61762V606
        
          
          
        
        251971.00000000
        NS
        USD
        5916279.08000000
        1.462402032994
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        VOYA FINANCIAL INC
        549300T065Z4KJ686G75
        Voya Financial Inc
        929089209
        
          
          
        
        77000.00000000
        NS
        USD
        1831830.00000000
        0.452796746041
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        ENERGY TRANSFER LP
        MTLVN9N7JE8MIBIJ1H73
        Energy Transfer LP
        29273V605
        
          
          
        
        528982.00000000
        NS
        USD
        13288027.84000000
        3.284571039488
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        TPG RE FINANCE TRUST INC
        N/A
        TPG RE Finance Trust Inc
        87266M206
        
          
          
        
        65100.00000000
        NS
        USD
        902937.00000000
        0.223190435510
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        CITIGROUP INC
        6SHGI4ZSSLCXXQSBB395
        Citigroup Inc
        172967MU2
        
          
          
        
        700000.00000000
        PA
        USD
        628751.90000000
        0.155416613106
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AERCAP HOLDINGS NV
        549300SZYINBBLJQU475
        AerCap Holdings NV
        00774YAA7
        
          
          
        
        4355000.00000000
        PA
        USD
        4212537.93000000
        1.041266638979
        Long
        DBT
        CORP
        NL
        N
        2
        
          2079-10-10
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SCE TRUST V
        N/A
        SCE Trust V
        78409W201
        
          
          
        
        91458.00000000
        NS
        USD
        2145604.68000000
        0.530356429033
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        WELLS FARGO & COMPANY
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co
        95002Y400
        
          
          
        
        123000.00000000
        NS
        USD
        2138970.00000000
        0.528716450697
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        STANDARD CHARTERED PLC
        U4LOSYZ7YG4W3S5F2G91
        Standard Chartered PLC
        853254BX7
        
          
          
        
        1100000.00000000
        PA
        USD
        841231.38000000
        0.207937871708
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO BILBAO VIZCAYA ARG
        K8MS7FD7N5Z2WQ51AZ71
        Banco Bilbao Vizcaya Argentaria SA
        05946KAM3
        
          
          
        
        4800000.00000000
        PA
        USD
        4897080.00000000
        1.210473618789
        Long
        DBT
        CORP
        ES
        N
        2
        
          N/A
          Fixed
          9.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REINSURANCE GRP OF AMER
        LORM1GNEU1DKEW527V90
        Reinsurance Group of America Inc
        759351885
        
          
          
        
        129350.00000000
        NS
        USD
        3385089.50000000
        0.836735674522
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        06055HAB9
        
          
          
        
        5400000.00000000
        PA
        USD
        5262811.27000000
        1.300876073701
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS GROUP INC
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38141GA38
        
          
          
        
        1335000.00000000
        PA
        USD
        1357764.42000000
        0.335615920291
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO MERCANTIL DE NORTE
        549300QTVYRPFHS0J362
        Banco Mercantil del Norte SA/Grand Cayman
        05962GAJ8
        
          
          
        
        1660000.00000000
        PA
        USD
        1551233.28000000
        0.383438081883
        Long
        DBT
        CORP
        MX
        N
        2
        
          N/A
          Fixed
          7.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        M&T BANK CORPORATION
        549300WYXDDBYRASEG81
        M&T Bank Corp
        55261FAG9
        
          
          
        
        15425000.00000000
        PA
        USD
        15029692.73000000
        3.715080527207
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          6.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61762V200
        
          
          
        
        121675.00000000
        NS
        USD
        3071077.00000000
        0.759117206533
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        NEW YORK MORTGAGE TRUST
        549300JFGR0M7ULHWG48
        New York Mortgage Trust Inc
        649604865
        
          
          
        
        70000.00000000
        NS
        USD
        1311100.00000000
        0.324081281415
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        FIFTH THIRD BANCORP
        THRNG6BD57P9QWTQLG42
        Fifth Third Bancorp
        316773605
        
          
          
        
        276818.00000000
        NS
        USD
        6950899.98000000
        1.718142454816
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        PNC FINANCIAL SERVICES
        CFGNEKW0P8842LEUIA51
        PNC Financial Services Group Inc/The
        693475BP9
        
          
          
        
        2200000.00000000
        PA
        USD
        1923906.82000000
        0.475556546068
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FULTON FINANCIAL CORP
        5493005QLZ6O1BNC0C11
        Fulton Financial Corp
        360271308
        
          
          
        
        26200.00000000
        NS
        USD
        418676.00000000
        0.103489477978
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        KKR REAL ESTATE FIN
        549300K23AYZDZ2REL62
        KKR Real Estate Finance Trust Inc
        48251K209
        
          
          
        
        229900.00000000
        NS
        USD
        4149695.00000000
        1.025732951783
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        ENSTAR FINANCE LLC
        N/A
        Enstar Finance LLC
        29360AAA8
        
          
          
        
        1300000.00000000
        PA
        USD
        1211170.01000000
        0.299380313365
        Long
        DBT
        CORP
        US
        N
        2
        
          2040-09-01
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALLY FINANCIAL INC
        549300JBN1OSM8YNAI90
        Ally Financial Inc
        02005NBM1
        
          
          
        
        3230000.00000000
        PA
        USD
        2283474.99000000
        0.564435589077
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARBOR REALTY TRUST INC
        549300ASFUWYQO0RW077
        Arbor Realty Trust Inc
        038923850
        
          
          
        
        162132.00000000
        NS
        USD
        3080508.00000000
        0.761448386889
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        AMERICAN INTL GROUP
        ODVCVCQG2BP6VHV36M30
        American International Group Inc
        026874BS5
        
          
          
        
        5340000.00000000
        PA
        USD
        5869311.48000000
        1.450792453257
        Long
        DBT
        CORP
        US
        N
        2
        
          2058-05-15
          Fixed
          8.17500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STIFEL FINANCIAL CORP
        549300E5F07FE5GHJX84
        Stifel Financial Corp
        860630862
        
          
          
        
        52000.00000000
        NS
        USD
        868400.00000000
        0.214653485455
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        MERCHANTS BANCORP
        54930008Y0GPVLF81889
        Merchants Bancorp/IN
        58844R603
        
          
          
        
        50300.00000000
        NS
        USD
        1113139.00000000
        0.275148740381
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        JPMORGAN CHASE & CO
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        46625HJW1
        
          
          
        
        2050000.00000000
        PA
        USD
        2046044.73000000
        0.505746928481
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PRUDENTIAL FINANCIAL INC
        5PRBRS5FEH7NREC8OR45
        Prudential Financial Inc
        744320BL5
        
          
          
        
        940000.00000000
        PA
        USD
        937125.57000000
        0.231641259684
        Long
        DBT
        CORP
        US
        N
        2
        
          2053-03-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASSURANT INC
        H3F39CAXWQRVWURFXL38
        Assurant Inc
        04621X306
        
          
          
        
        8203.00000000
        NS
        USD
        160532.71000000
        0.039680914015
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        BANCO BILBAO VIZCAYA ARG
        K8MS7FD7N5Z2WQ51AZ71
        Banco Bilbao Vizcaya Argentaria SA
        05946KAF8
        
          
          
        
        7000000.00000000
        PA
        USD
        5958160.60000000
        1.472754421575
        Long
        DBT
        CORP
        ES
        N
        2
        
          N/A
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CREDIT AGRICOLE SA
        969500TJ5KRTCJQWXH05
        Credit Agricole SA
        225313AP0
        
          
          
        
        1130000.00000000
        PA
        USD
        907375.42000000
        0.224287536296
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MACQUARIE BANK LONDON
        549300MPRNPO6FWNKN78
        Macquarie Bank Ltd/London
        556079AB7
        
          
          
        
        1700000.00000000
        PA
        USD
        1538403.44000000
        0.380266766966
        Long
        DBT
        CORP
        AU
        N
        2
        
          N/A
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENERGY TRANSFER LP
        MTLVN9N7JE8MIBIJ1H73
        Energy Transfer LP
        29273V506
        
          
          
        
        4800.00000000
        NS
        USD
        123552.00000000
        0.030539921044
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        UBS GROUP AG
        549300SZJ9VS8SGXAN81
        UBS Group AG
        90352JAF0
        
          
          
        
        5700000.00000000
        PA
        USD
        5687485.08000000
        1.405848106748
        Long
        DBT
        CORP
        CH
        N
        2
        
          N/A
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNP PARIBAS
        R0MUWSFPU8MPRO8K5P83
        BNP Paribas SA
        05565ASK0
        
          
          
        
        1125000.00000000
        PA
        USD
        853438.39000000
        0.210955233804
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JACKSON FINANCIAL INC
        213800WXW2KG1N4CO374
        Jackson Financial Inc
        46817M206
        
          
          
        
        37200.00000000
        NS
        USD
        930744.00000000
        0.230063845770
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        UBS GROUP AG
        549300SZJ9VS8SGXAN81
        UBS Group AG
        902613AJ7
        
          
          
        
        1970000.00000000
        PA
        USD
        1708824.30000000
        0.422391860924
        Long
        DBT
        CORP
        CH
        N
        2
        
          N/A
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ZIONS BANCORP NA
        8WH0EE09O9V05QJZ3V89
        Zions Bancorp NA
        989701BF3
        
          
          
        
        10000000.00000000
        PA
        USD
        9540703.00000000
        2.358297043586
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Floating
          10.11104000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UNIVERSAL INSURANCE HLDS
        529900GGAZ6WVUCWQM46
        Universal Insurance Holdings Inc
        91359VAC1
        
          
        
        1175000.00000000
        PA
        USD
        1049339.85000000
        0.259378692112
        Long
        DBT
        CORP
        US
        N
        2
        
          2026-11-30
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STIFEL FINANCIAL CORP
        549300E5F07FE5GHJX84
        Stifel Financial Corp
        860630706
        
          
          
        
        65733.00000000
        NS
        USD
        1544068.17000000
        0.381666990410
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        PNC FINANCIAL SERVICES
        CFGNEKW0P8842LEUIA51
        PNC Financial Services Group Inc/The
        693475BF1
        
          
          
        
        1795000.00000000
        PA
        USD
        1699744.25000000
        0.420147429348
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          6.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EDISON INTERNATIONAL
        549300I7ROF15MAEVP56
        Edison International
        281020AS6
        
          
          
        
        1290000.00000000
        PA
        USD
        1196162.05000000
        0.295670604793
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMORGAN CHASE & CO
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        48126HAA8
        
          
          
        
        10700000.00000000
        PA
        USD
        10777168.40000000
        2.663929940587
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Floating
          8.93873000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BARCLAYS PLC
        213800LBQA1Y9L22JB70
        Barclays PLC
        06738EBX2
        
          
          
        
        1140000.00000000
        PA
        USD
        1066599.28000000
        0.263644925192
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CARLYLE FINANCE LLC
        N/A
        Carlyle Finance LLC
        14314C105
        
          
          
        
        35800.00000000
        NS
        USD
        642968.00000000
        0.158930587559
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        PARAMOUNT GLOBAL
        5KYC8KF17ROCY24M3H09
        Paramount Global
        92556HAE7
        
          
          
        
        4370000.00000000
        PA
        USD
        3520799.75000000
        0.870280905032
        Long
        DBT
        CORP
        US
        N
        2
        
          2062-03-30
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BARCLAYS PLC
        213800LBQA1Y9L22JB70
        Barclays PLC
        06738ECN3
        
          
          
        
        1850000.00000000
        PA
        USD
        1858325.00000000
        0.459345852556
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          9.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CITIGROUP INC
        6SHGI4ZSSLCXXQSBB395
        Citigroup Inc
        172967PC9
        
          
          
          
        
        3000000.00000000
        PA
        USD
        2974200.60000000
        0.735171033205
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          7.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LLOYDS BANKING GROUP PLC
        549300PPXHEU2JF0AM85
        Lloyds Banking Group PLC
        53944YAV5
        
          
          
        
        10690000.00000000
        PA
        USD
        10150992.03000000
        2.509149954024
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WINTRUST FINANCIAL CORP
        Q774KI4AW80FHFW33O61
        Wintrust Financial Corp
        97650W504
        
          
          
        
        109000.00000000
        NS
        USD
        2678130.00000000
        0.661987493095
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        SBL HOLDINGS INC
        635400MJW3QDSBJRKQ59
        SBL Holdings Inc
        78397DAC2
        
          
          
        
        3500000.00000000
        PA
        USD
        2109397.57000000
        0.521406656624
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CAPITAL ONE FINANCIAL CO
        ZUE8T73ROZOF6FLBAR73
        Capital One Financial Corp
        14040H824
        
          
          
        
        28163.00000000
        NS
        USD
        510876.82000000
        0.126279928663
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        SEMPRA
        PBBKGKLRK5S5C0Y4T545
        Sempra
        816851BM0
        
          
          
        
        3250000.00000000
        PA
        USD
        2650076.65000000
        0.655053189368
        Long
        DBT
        CORP
        US
        N
        2
        
          2052-04-01
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENTERPRISE PRODUCTS OPER
        5493004LGN656HWLDA30
        Enterprise Products Operating LLC
        29379VBN2
        
          
          
        
        2700000.00000000
        PA
        USD
        2481256.26000000
        0.613323703959
        Long
        DBT
        CORP
        US
        N
        2
        
          2077-08-16
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ALGONQUIN PWR & UTILITY
        549300K5VIUTJXQL7X75
        Algonquin Power & Utilities Corp
        015857808
        
          
          
        
        173632.00000000
        NS
        USD
        4340800.00000000
        1.072970808000
        Long
        EP
        CORP
        CA
        N
        1
        
          N
          N
          N
        
      
      
        SOCIETE GENERALE
        O2RNE8IBXP4R0TD8PU41
        Societe Generale SA
        83367TBU2
        
          
          
        
        300000.00000000
        PA
        USD
        253310.10000000
        0.062613882849
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WELLS FARGO & COMPANY
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co
        949746804
        
          
          
        
        759.00000000
        NS
        USD
        848562.00000000
        0.209749874396
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        EVEREST REINSURANCE HLDG
        254900P29PM5UJR3VU91
        Everest Reinsurance Holdings Inc
        299808AE5
        
          
          
        
        754000.00000000
        PA
        USD
        639013.79000000
        0.157953175124
        Long
        DBT
        CORP
        US
        N
        2
        
          2037-05-15
          Floating
          8.02633000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ATHENE HOLDING LTD
        549300H316CT32FQXI76
        Athene Holding Ltd
        04686J408
        
          
          
        
        66800.00000000
        NS
        USD
        1146288.00000000
        0.283342600801
        Long
        EP
        CORP
        BM
        N
        1
        
          N
          N
          N
        
      
      
        GENERAL MOTORS FINL CO
        5493008B6JBRUJ90QL97
        General Motors Financial Co Inc
        37045XDB9
        
          
          
        
        1875000.00000000
        PA
        USD
        1650791.63000000
        0.408047186942
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EDISON INTERNATIONAL
        549300I7ROF15MAEVP56
        Edison International
        281020AT4
        
          
          
        
        4200000.00000000
        PA
        USD
        3851661.24000000
        0.952064152420
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARCH CAPITAL GROUP LTD
        549300AYR4P8AFKDCE43
        Arch Capital Group Ltd
        03939A107
        
          
          
        
        26109.00000000
        NS
        USD
        589280.13000000
        0.145659873116
        Long
        EP
        CORP
        BM
        N
        1
        
          N
          N
          N
        
      
      
        KUVARE US HOLDINGS INC
        254900MGBERNLZXF7O58
        Kuvare US Holdings Inc
        50149XAA2
        
          
        
        2325000.00000000
        PA
        USD
        2354062.50000000
        0.581883602724
        Long
        DBT
        CORP
        US
        N
        2
        
          2051-02-17
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SYNOVUS FINANCIAL CORP
        549300EIUS8UN5JTLE54
        Synovus Financial Corp
        87161C709
        
          
          
        
        215094.00000000
        NS
        USD
        5022444.90000000
        1.241461657410
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        CITIGROUP INC
        6SHGI4ZSSLCXXQSBB395
        Citigroup Inc
        172967MV0
        
          
          
        
        1400000.00000000
        PA
        USD
        1221751.16000000
        0.301995790941
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COBANK ACB
        P0J8I7M2E0A77CKF1705
        CoBank ACB
        19075Q862
        
          
          
        
        38100.00000000
        NS
        USD
        3681412.50000000
        0.909981603553
        Long
        EP
        USGA
        US
        N
        2
        
          N
          N
          N
        
      
      
        WELLS FARGO & COMPANY
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co
        95002YAA1
        
          
          
        
        5650000.00000000
        PA
        USD
        5805425.85000000
        1.435001028625
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          7.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUNTINGTON BANCSHARES
        549300XTVCVV9I7B5T19
        Huntington Bancshares Inc/OH
        446150AL8
        
          
          
        
        3200000.00000000
        PA
        USD
        2877067.62000000
        0.711161437730
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Floating
          8.53548000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANCO SANTANDER SA
        5493006QMFDDMYWIAM13
        Banco Santander SA
        05971KAH2
        
          
          
        
        14400000.00000000
        PA
        USD
        11255640.48000000
        2.782199977051
        Long
        DBT
        CORP
        ES
        N
        2
        
          N/A
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EMERA INC
        NQZVQT2P5IUF2PGA1Q48
        Emera Inc
        290876AD3
        
          
          
        
        6830000.00000000
        PA
        USD
        6630380.96000000
        1.638915687430
        Long
        DBT
        CORP
        CA
        N
        2
        
          2076-06-15
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FIFTH THIRD BANCORP
        THRNG6BD57P9QWTQLG42
        Fifth Third Bancorp
        316773886
        
          
          
        
        101559.00000000
        NS
        USD
        2439447.18000000
        0.602989221295
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        LIBERTY MUTUAL GROUP INC
        QUR0DG15Z6FFGYCHH861
        Liberty Mutual Group Inc
        53079EAN4
        
          
          
        
        20983000.00000000
        PA
        USD
        20441537.88000000
        5.052795202697
        Long
        DBT
        CORP
        US
        N
        2
        
          2037-03-15
          Fixed
          7.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DISCOVER FINANCIAL SVS
        Z1YLO2USPORE63VVUL20
        Discover Financial Services
        254709AQ1
        
          
          
        
        2000000.00000000
        PA
        USD
        1860914.80000000
        0.459986006398
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS GROUP INC
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38148BAE8
        
          
          
        
        1650000.00000000
        PA
        USD
        1633143.27000000
        0.403684817082
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DELPHI FINANCIAL GROUP
        5493001NGT0EEYMZG011
        Delphi Financial Group Inc
        247131303
        
          
          
        
        358465.00000000
        NS
        USD
        8020654.38000000
        1.982567271193
        Long
        EP
        CORP
        US
        N
        2
        
          N
          N
          N
        
      
      
        MORGAN STANLEY
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61763E207
        
          
          
        
        674994.00000000
        NS
        USD
        17077348.20000000
        4.221225602804
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        M&T BANK CORPORATION
        549300WYXDDBYRASEG81
        M&T Bank Corp
        55261F872
        
          
          
        
        59576.00000000
        NS
        USD
        1456633.20000000
        0.360054575553
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        COMERICA INC
        I9Q57JVPWHHZ3ZGBW498
        Comerica Inc
        200340AU1
        
          
          
        
        2670000.00000000
        PA
        USD
        2437760.73000000
        0.602572359974
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        060505EL4
        
          
          
        
        8357000.00000000
        PA
        USD
        8304711.92000000
        2.052781390299
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STANDARD CHARTERED PLC
        U4LOSYZ7YG4W3S5F2G91
        Standard Chartered PLC
        853254CM0
        
          
          
        
        5700000.00000000
        PA
        USD
        5662596.03000000
        1.399695963344
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENBRIDGE INC
        98TPTUM4IVMFCZBCUR27
        Enbridge Inc
        29250NBT1
        
          
          
        
        2320000.00000000
        PA
        USD
        2333168.32000000
        0.576718922205
        Long
        DBT
        CORP
        CA
        N
        2
        
          2084-01-15
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SOCIETE GENERALE
        O2RNE8IBXP4R0TD8PU41
        Societe Generale SA
        83370RAB4
        
          
          
        
        2300000.00000000
        PA
        USD
        1953022.92000000
        0.482753543244
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TEXAS CAPITAL BANCSHARES
        549300466Q2SXRX0YM48
        Texas Capital Bancshares Inc
        88224Q305
        
          
          
        
        83500.00000000
        NS
        USD
        1523875.00000000
        0.376675587458
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        QWEST CORP
        549300R2L4N683OO1509
        Qwest Corp
        74913G873
        
          
          
        
        82550.00000000
        NS
        USD
        914654.00000000
        0.226086675594
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        NATWEST GROUP PLC
        2138005O9XJIJN4JPN90
        NatWest Group PLC
        639057AD0
        
          
          
        
        950000.00000000
        PA
        USD
        668826.32000000
        0.165322317771
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          4.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMERICAN EQUITY INVESTME
        549300RK5RZQ740FPL83
        American Equity Investment Life Holding Co
        025676503
        
          
          
        
        155000.00000000
        NS
        USD
        3498350.00000000
        0.864731714469
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        SOCIETE GENERALE
        O2RNE8IBXP4R0TD8PU41
        Societe Generale SA
        83370RAC2
        
          
          
        
        7540000.00000000
        PA
        USD
        7564783.98000000
        1.869883979765
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          9.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BlackRock Liquidity Funds T-Fund
        5493002L9DNZ83RX7V61
        BlackRock Liquidity Funds T-Fund
        09248U718
        
          
          
        
        57517045.97000000
        NS
        USD
        57517045.97000000
        14.21722062481
        Long
        STIV
        RF
        US
        N
        1
        
          N
          N
          N
        
      
      
        ENSTAR GROUP LTD
        213800AMAL5QFXVUCN04
        Enstar Group Ltd
        29359U109
        
          
          
        
        141000.00000000
        NS
        USD
        3486930.00000000
        0.861908887656
        Long
        EP
        CORP
        BM
        N
        1
        
          N
          N
          N
        
      
      
        BANCO BILBAO VIZCAYA ARG
        K8MS7FD7N5Z2WQ51AZ71
        Banco Bilbao Vizcaya Argentaria SA
        05946KAG6
        
          
          
        
        2200000.00000000
        PA
        USD
        2110448.56000000
        0.521666443205
        Long
        DBT
        CORP
        ES
        N
        2
        
          N/A
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GENERAL MOTORS FINL CO
        5493008B6JBRUJ90QL97
        General Motors Financial Co Inc
        37045XCA2
        
          
          
        
        1420000.00000000
        PA
        USD
        1192800.00000000
        0.294839564085
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SCE TRUST II
        N/A
        SCE Trust II
        78407R204
        
          
          
        
        417.00000000
        NS
        USD
        8169.03000000
        0.002019243162
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        AUST & NZ BANKING GRP/UK
        JHE42UYNWWTJB8YTTU19
        Australia & New Zealand Banking Group Ltd/United Kingdom
        05254HAA2
        
          
          
        
        1738000.00000000
        PA
        USD
        1714066.87000000
        0.423687733705
        Long
        DBT
        CORP
        AU
        N
        2
        
          N/A
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC HOLDINGS PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280BL2
        
          
          
        
        1000000.00000000
        PA
        USD
        911645.10000000
        0.225342927468
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNP PARIBAS
        R0MUWSFPU8MPRO8K5P83
        BNP Paribas SA
        05565A5R0
        
          
          
        
        5576000.00000000
        PA
        USD
        5672765.90000000
        1.402209779607
        Long
        DBT
        CORP
        FR
        N
        2
        
          N/A
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS GROUP INC
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group Inc/The
        38144GAB7
        
          
          
        
        775000.00000000
        PA
        USD
        733411.41000000
        0.181286636837
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BARCLAYS PLC
        213800LBQA1Y9L22JB70
        Barclays PLC
        06738EBT1
        
          
          
        
        1075000.00000000
        PA
        USD
        794841.24000000
        0.196471030113
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAFD INC
        0003065617
        WaFd Inc
        938824307
        
          
          
        
        55000.00000000
        NS
        USD
        784300.00000000
        0.193865417599
        Long
        EP
        CORP
        US
        N
        1
        
          N
          N
          N
        
      
      
        MORGAN STANLEY
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61745VAB9
        
          
          
        
        800000.00000000
        PA
        USD
        813695.20000000
        0.201131403476
        Long
        DBT
        CORP
        US
        N
        2
        
          N/A
          Floating
          8.83104000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC HOLDINGS PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280BP3
        
          
          
        
        9025000.00000000
        PA
        USD
        8239011.85000000
        2.036541467429
        Long
        DBT
        CORP
        GB
        N
        2
        
          N/A
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
      
      
    
    
      2024-01-25
      Flaherty & Crumrine Dynamic Preferred & Income Fund Inc
      Bradford Stone 
      Bradford Stone 
      Chief Financial Officer, Treasurer and Vice President