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New Deal


Announced

Completed

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-

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.

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