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DNP Select to redeem all $60.2 million of its series E preferreds
By Tali Rackner
Norfolk, Va., Feb. 19 - DNP Select Income Fund Inc. plans to redeem all 602 shares of its series E remarketed preferred stock, according to a Rule 23c-2 filing with the Securities and Exchange Commission.
The preferreds will be redeemed on March 19.
The preferreds have a liquidation preference of $100,000 per share, for a total liquidation preference of $60.2 million.
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.
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