Chicago, June 14, 2018 – The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), Duff & Phelps Global Utility Income Fund Inc. (NYSE: DPG), Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) and DTF Tax-Free Income Inc. (NYSE: DTF), four closed-end funds advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on each fund’s common stock.
In the last 30 days, we have seen Prologis offer to acquire their smaller rival DCT Industrial at a 14.5% premium and Blackstone seek to acquire Gramercy Property Trust for a 20.8% premium.
After posting strong performance in each quarter of 2017, international equity markets fell in the first quarter of 2018...
Already reeling from a stock price reversal after a strong start to the year, MLPs were knocked to the canvas by the Federal Energy Regulatory Commission (FERC) ruling in mid‐March...
After gaining over 22% in 2017 (as measured by the MSCI World Index), global markets appeared ready to continue the rally in 2018...
Following a solid 2017, global real estate equities have started the New Year on a weaker note...
Following a strong 2017, international real estate equities have started the New Year on a more tepid note...
Broader equity markets, bonds and REITs posted negative returns in the first quarter...
Duff & Phelps’ International Equity team discusses its thoughts on recent developments related to the Trump Administration’s trade policy in the attached PDF.
Master Limited Partnerships (MLPs) and stocks of midstream energy companies fell sharply intra-day on March 15, 2018. The downward move was caused by the Federal Energy Regulatory Commission – also known as “FERC” - announcing that it would no longer allow MLPs to include a corporate income tax allowance in the contractual rates charged to certain customers. The Duff & Phelps MLP/Energy team provides their insight on this development in the attached PDF.
Italy held its general election on March 4, 2018 following the dissolution of the country’s parliament several months earlier. No political party garnered an outright majority in the election, which resulted in a hung parliament. Duff & Phelps’ International Equity Portfolio team discuss the political and investment implications in the attached PDF.
Duff & Phelps Investment Management Co., an affiliated manager of Virtus Investment Partners, Inc. (NASDAQ: VRTS), celebrated the 30th anniversary of the Duff & Phelps Select Income Fund (NYSE: DNP) by ringing The Opening Bell at the New York Stock Exchange on Monday, May 8.
Over the past several quarters, we have been positioning our international equity strategy in a more cyclical direction, recognizing that a broad-based global economic expansion was taking hold. Financials has been a particular area of focus, specifically the European banking sector, based on a range of catalysts.
The Duff & Phelps International Equity ADR strategy has been honored with a PSN Top Guns Manager of the Decade Award for the ten years ended December 31, 2016. This is the second year in a row the strategy has received this accolade.