DNP Select Income Fund completed the merger with Duff & Phelps Utility and Corporate Bond Trust.

Financials

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Transaction Value-

Consideration TypeOrdinary Shares

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Duff & Phelps Utility Corporate Bond Trust

bidder

Dnp Select Income Fund

Sources

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Press Release

DNP Select Income Fund - 23 Nov 2020

Completion Announcement

DNP Select Income Fund - 8 Mar 2021

Tags

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Private Equity

Public

Majority

Single Bidder

investment management company

Acquisition

Domestic

Completed

Friendly

United States

Merger

Privatisation

Private Equity

Synopsis

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DNP Select Income Fund, a closed-end diversified investment management company, completed the merger with Duff & Phelps Utility and Corporate Bond Trust, a closed-end diversified investment management company. Financial terms were not disclosed. This transaction was previously announced on November 23, 2020. DUC shareholders approved the merger on February 22, 2021.