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.
MercadoLibre (MELI) have taken flight giving credence to Zevenbergen’s long-held investment philosophy. The best way to build wealth, she says, is to invest in founder-led firms early, stick with a concentrated portfolio, and hang on even when the road gets bumpy. “People underestimate the length and duration of these really exceptional growth companies,” she says.
Zevenbergen, 61, was working as a portfolio manager in the trust department of a regional bank when two unrelated events inspired her to strike out on her own. First,
Microsoft (MSFT) went public in 1986. “Back then your large institutions, your banks, your trust departments, were very value biased, so they weren’t interested,” she says. “I thought it was a missed opportunity.”
InfraCap MLP ETF (NYSE Arca: AMZA) Declares Monthly Distribution cnweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnweekly.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK, Dec. 18, 2020 /PRNewswire/ The Virtus InfraCap U.S. Preferred Stock ETF (NYSE Arca: PFFA) (the Fund ) has declared a monthly distribution of $0.15 per share ($1.80 per share on an annualized basis). The distribution will be paid December 30, 2020 to shareholders of record as of the close of business December 22, 2020.
PFFA Cash Distribution:
Record Date: Tuesday, December 22, 2020
Payable Date: Wednesday, December 30, 2020
Infrastructure Capital Advisors expects to declare future distributions on a monthly basis. Distributions are planned, but not guaranteed, for every month. The next distribution is scheduled to occur in January 2021.
For more information about PFFA s distribution policy, its 2020 distribution calendar, or tax information, please visit the Fund s website at www.virtusetfs.com.