March 18, 2021
Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund s assets and will constitute a return of the shareholder s capital. You should not draw any conclusions about the Fund s investment performance from the amount of this distribution or from the terms of the Fund s Managed Distribution Plan.
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HARTFORD, Conn., Feb. 4, 2021 /PRNewswire/ The Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE), a closed-end fund subadvised by Duff & Phelps Investment Management Co., announced today that its Board of Directors has approved fund management s recommendation to seek shareholder approval to merge DSE into the Virtus Duff & Phelps Select MLP and Energy Fund (I Shares: VLPIX), an open-end mutual fund also subadvised by Duff & Phelps with a similar investment objective and strategy. The merger would provide common shareholders of DSE with shares of VLPIX that may be redeemed on a daily basis at net asset value ( NAV ).
February 19, 2021
Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund s assets and will constitute a return of the shareholder s capital. You should not draw any conclusions about the Fund s investment performance from the amount of this distribution or from the terms of the Fund s Managed Distribution Plan.
Duff & Phelps Investment Management Names David Grumhaus President and Chief Investment Officer
Nathan Partain retires from firm after 31 years
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CHICAGO, Jan. 8, 2021 /PRNewswire/ Duff & Phelps Investment Management Co. announced today that David D. Grumhaus, Jr., who had been co-chief investment officer with Nathan I. Partain, CFA, has been named president and chief investment officer, effective January 1. Partain, who retired from the firm as of December 31, 2020, will remain with the company as a consultant on a transitionary basis.
Grumhaus, who joined Duff & Phelps in 2014, was named co-chief Investment officer of the company in February 2020 as part of the company s succession plan. Prior to that, he was head of the firm s Infrastructure and Utilities Group. He continues as head of the firm s MLP and Energy Infrastructure Strategy and manages its midstream and MLP strategies, including as portfolio manager of certa
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CHICAGO, Jan. 8, 2021 /PRNewswire/ DTF Tax-Free Income Inc. (NYSE: DTF) (the Fund ), a closed-end fund advised by Duff & Phelps Investment Management Co. (the Adviser ), announced today the preliminary results for its issuer tender offer (the Offer ) for up to 17.5% of the outstanding shares of common stock, par value $0.01 per share ( Shares ) of the Fund at a price equal to 98% of the Fund s net asset value per Share ( NAV ) as determined as of the close of the regular trading session of the New York Stock Exchange on January 8, 2021. The Fund s offer expired on Thursday, January 7, 2021 at 11:59 p.m., New York City time.