HARTFORD, Conn., July 3, 2019 /PRNewswire/ -- The Boards of Directors of Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR), Virtus Total Return Fund Inc. (NYSE:ZF), Duff & Phelps Select MLP and Midstream Energy Fund Inc. (DSE), and Virtus Global Multi-Sector Income Fund (VGI) today announced they will hold joint special meetings of shareholders for the purpose of voting on several proposals concerning each fund. At the joint special meeting of ZF and ZTR, shareholders of ZF will be asked to approve the reorganization of ZF into ZTR, and shareholders of ZTR will be asked to approve that fund's issuance of additional shares of common stock to effect the proposed reorganization.
The Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE), a closed-end fund managed by Duff & Phelps Investment Management Co., announced today that it will redeem all outstanding shares of the Series A and Series B Preferred Shares (CUSIP Nos. 26433F24 and 26433F33), effective March 31, 2020 (the redemption date). This announcement supersedes the fund's announcement on March 11, 2020, regarding redemption of Series B Preferred Shares only.
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 for the liquidation and dissolution of the fund.
Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE) announced a quarterly distribution of $0.15 per share, payable on February 21, 2020 to shareholders of record as of February 13, 2020 (ex-date February 12, 2020).
Duff & Phelps Investment Management Co., announced today that Rodney C. Clayton, CFA, senior research analyst, MLPs and Infrastructure, has been added as portfolio manager on the Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE). Clayton joins David D. Grumhaus, Jr., executive managing director and co-chief investment officer of Duff & Phelps, DSE's investment subadviser, as the sole portfolio managers of the closed-end fund.
Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE), Virtus Global Multi-Sector Income Fund (NYSE: VGI), and Virtus Total Return Fund Inc. (NYSE: ZTR) today announced results of the joint annual meeting of shareholders held on May 21, 2020.
The Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE), a closed-end fund, today announced it has been notified by the New York Stock Exchange that it is not in compliance with the NYSE's continued listing standards because the average closing price of its shares over a consecutive 30-day trading period had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE.
Duff & Phelps Investment Management Co. today announced that David D. Grumhaus, Jr., executive managing director, will become co-chief investment officer, effective February 1, 2020. Grumhaus will share responsibility for leading Duff & Phelps investment team with Nathan I. Partain, CFA, president and chief investment officer, who, as part of his long-term succession plan, announced he will retire at the end of 2020. Grumhaus will become CIO and assume Partain's responsibilities as the head of the firm upon Partain's retirement.
HARTFORD, Conn. , Nov. 4, 2019 /PRNewswire/ -- The Boards of Directors of Virtus Global Dividend & Income Fund Inc. (NYSE: ZTR), Virtus Total Return Fund Inc. (NYSE: ZF), and Duff & Phelps Select MLP ...
The Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE), a closed-end fund managed by Duff & Phelps Investment Management Co., announced today that it will redeem all outstanding shares of the 4.65% Series B Preferred Shares (CUSIP No. 26433F33), effective April 15, 2020 (the redemption date).