CHICAGO, Jan. 29, 2021 /PRNewswire/ -- On
January 29, 2021, DNP Select Income
Fund Inc. ("DNP"), a closed-end fund advised by Duff & Phelps
Investment Management Co., posted a set of frequently asked
questions and answers on its website, www.dpimc.com/dnp, responding
to shareholder inquiries received by DNP in connection with DNP's
proposed merger with Duff & Phelps Utility and Corporate Bond
Trust Inc. ("DUC"). Shareholders of DNP are not being asked
to vote on the proposed merger.
About the Fund
DNP Select Income Fund Inc. is a closed-end diversified
investment management company whose primary investment objectives
are current income and long-term growth of income. The fund seeks
to achieve these objectives by investing primarily in a diversified
portfolio of equity and fixed income securities of companies in the
public utilities industry. For more information, please visit
www.dpimc.com/dnp or call (800) 864-0629.
About the Investment Adviser
Duff & Phelps Investment Management Co. has more than 40
years of experience managing investment portfolios, including
institutional separate accounts and open- and closed-end funds
investing in utilities, infrastructure and real estate investment
trusts (REITs). For more information, visit
www.dpimc.com.
Duff & Phelps is a subsidiary of Virtus Investment Partners
(NASDAQ: VRTS), a multi-boutique asset manager with $116.5 billion under management as of
September 30, 2020. Virtus
provides investment management products and services to individuals
and institutions through a multi-manager asset management business,
comprising a number of individual affiliated managers, each with a
distinct investment style, autonomous investment process and
individual brand. Additional information can be found at
www.virtus.com.
Important Information and Where to Find It
In connection with the proposed merger, DNP has filed with the
SEC a registration statement on Form N–14, which includes a
definitive proxy statement distributed to DUC shareholders in
connection with DUC's solicitation of proxies for the vote by DUC
shareholders with respect to the merger and a prospectus relating
to the offer of the securities to be issued by DNP to DUC's
shareholders in connection with the merger. DUC shareholders are
urged to read the proxy statement/prospectus, any amendments
thereto and any other documents filed with the SEC carefully and in
their entirety. Investors and security holders may obtain free
copies of the definitive proxy statement/prospectus and other
documents filed with the SEC by DNP and DUC through the website
maintained by the SEC at www.sec.gov, or by directing a
request to: (800) 338-8214.
Participants in the Solicitation
DNP and DUC and their respective directors and certain of their
respective executive officers and other members of management and
employees may be considered participants in the solicitation of
proxies with respect to the proposed transactions. Information
regarding the participants in the proxy solicitation and a
description of their direct and indirect interests, by security
holdings or otherwise, is included in the proxy
statement/prospectus and other relevant materials filed with the
SEC.
Shareholders, potential investors and other interested persons
should read the proxy statement/prospectus carefully before making
any voting or investment decisions. These documents can be obtained
free of charge from the sources indicated above.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of securities of
DNP or DUC in any state or jurisdiction in which such offer or
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
Source:
DNP Select Income Fund Inc.
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SOURCE DNP Select Income Fund Inc.