The newly issued MRP shares, like the fund's borrowings under its committed lending facility, are for the purpose of providing financial leverage for the fund's common shareholders.
About the Fund
Duff & Phelps Select Energy MLP Fund Inc. is a closed-end fund that seeks to provide shareholders with a high level of total return resulting from a combination of current tax-deferred distributions and capital appreciation by investing primarily in publicly traded master limited partnerships ("MLPs") in the energy sector. Targeted investments include midstream MLPs across all market caps that specialize in the gathering, processing and transportation of natural gas, oil, refined products, or other energy sources.
About Duff & Phelps Investment Management
Duff & Phelps Investment Management Co., the investment sub-adviser of the fund, has more than 35 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, MLPs, infrastructure and real estate investment trusts (REITs).
For more information about Duff & Phelps visit www.dpimc.com. For information about the fund, contact shareholder services at (866) 270-7598, by email at firstname.lastname@example.org, or visit the DSE website, www.virtus.com/our-products/closed-end-fund-details/DSE.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities 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.
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SOURCE Duff & Phelps Select Energy MLP Fund Inc.