Welcome to our dedicated page for DUC news (Ticker: DUC), a resource for investors and traders seeking the latest updates and insights on DUC stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DUC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DUC's position in the market.
DNP Select Income Fund announced the completion of its merger with Duff & Phelps Utility and Corporate Bond Trust. The merger, approved by DUC shareholders on February 22, 2021, allows the combined fund to retain the DNP name and ticker symbol, alongside its investment objectives. DUC shares ceased trading on March 5, 2021. Shareholders received 1.055545 shares of DNP for each share of DUC, based on net asset values at the time of the conversion.
The Board of Directors of Duff & Phelps Utility and Corporate Bond Trust (NYSE: DUC) announced successful shareholder voting results for a merger with DNP Select Income Fund (DNP) on February 22, 2021. More than 68% of outstanding shares voted in favor, with 18,699,870 shares cast for the merger and only 186,044 against. The merger is expected to be effective on March 8, 2021, with DNP as the surviving entity, allowing the combined fund to retain DNP's name and investment strategies. This merger aims to enhance investment opportunities for shareholders.
