We report that the spin-chain compound Dy2BaNiO5 recently proven to exhibit magnetoelectric coupling below its Neel temperature (T_N) of 58 K, exhibits strong frequency-dependent behavior in ac magnetic susceptibility and complex dielectric properties at low temperatures (<10K), mimicking reentrant multiglass phenomenon. Such a behavior is not known among undoped compounds. A new finding in the field of multiferroics is that the characteristic magnetic feature at such low temperatures moves towards higher temperatures in the presence of a magnetic-field (H), whereas the corresponding dielectric feature shifts towards lower temperatures with H, unlike the situation near T_N. This observation indicates that the alignment of spins by external magnetic fields tends to inhibit glassy-like slow electric-dipole dynamics, at least in this system, possibly arising from peculiarities in the magnetic structure.
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