DSE News and Press, Duff & Phelps Select MLP and Midstream Energy Fund Inc. From 06/22/21

DSE is merging with VLPIX, an open-ended mutual fund. The approval was a positive event for shareholders who can cash out at NAV. Suggested replacements for those looking for a CEF wrapper for MLP/midstream exposure. For further details see: DSE Shareholders Will Own VLP...

Trading in Shares of Duff & Phelps Select MLP and Midstream Energy Fund Inc. to Cease June 21 Prior to Merger Trading in Shares of Duff & Phelps Select MLP and Midstream Energy Fund Inc. to Cease June 21 Prior to Merger PR Newswire HARTFORD, Conn. , Jun...

The CEF market recovered almost entirely from a recent bump in the road due to inflation worries. We review CEF market valuation and performance over the past week and highlight recent events. We continue to favor the few remaining pockets of value in the space across a few higher...

Shareholders Approve Merger of Duff & Phelps Select MLP and Midstream Energy Fund Inc. Into Open-End Fund Shareholders Approve Merger of Duff & Phelps Select MLP and Midstream Energy Fund Inc. Into Open-End Fund PR Newswire HARTFORD, Conn. , May 19, 202...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 7.10% last month. The index has increased by 45.19% since last April. The current yield on MLPs stands at 8.52%. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color ...

President Biden supports raising the corporate tax rate from 21% to 28%, and the Biden Administration has also proposed raising the income tax rate for the highest earners from 37% to 39.6% and increasing the rate on capital gains and dividends from 20% to 39.6% for those with annual inco...

Cost management and asset optimization helped partially offset macro headwinds in 2020, contributing to stable EBITDA and allowing excess cash flow to be used for debt reduction and in some cases, buybacks. While controlling costs helped many companies navigate market headwinds, some ...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 8.33% last month. The index has increased by 100.36% since last March. The current yield on MLPs stands at 9.04%. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color...

Private equity activity in midstream has served as a catalyst for the space in the past, and a more stable macro environment could lead to additional transactions in 2021 after a relatively quiet 2020. Thus far in 2021, there have been some examples of private equity purchasing non-co...

One of the potential tailwinds for midstream in 2021 relative to past recoveries is the proliferation of buyback programs supported by expectations for robust free cash flow generation this year. Since Alerian's last buyback note in November, Pembina Pipeline (PPL CN) formally announc...