Merger of Duff & Phelps Select MLP and Midstream Energy Fund Inc Into Virtus Duff & Phelps Select MLP and Energy Fund Completed; Share Conversion Price Announced prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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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 ).