DNP - DUC/DNP Merger Arbitrage: Post Mortem March, 14 2021 01:22 PM DNP Select Income Fund Inc. DUC has merged into DNP. Surprisingly, the spread remained wide going into the final week. Such "free money" plays don't come around very often. DNP is expected to maintain its same investment strategy. For further details see: DUC/DNP Merger Arbitrage: Post Mortem