By Lisa Kerner
Charlotte, N.C., July 22 – DNP Select Income Fund Inc. issued $300 million of fixed-rate senior notes in a private placement in order to repay $300 million of the $700 million principal outstanding under its committed lending facility.
The notes have maturities of seven and 10 years, according to a news release.
DNP Select is a registered closed-end diversified management investment company advised by Duff & Phelps Investment Management Co., an investment management firm based in Chicago.
| Issuer: | DNP Select Income Fund Inc.
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| Issue: | Fixed-rate senior notes
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| Amount: | $300 million
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| Maturity: | Seven, 10 years
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| Coupon: | Fixed rate
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| Distribution: | Private placement
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