Duff & Phelps Select Energy Mlp Fund Inc. (DSE): James M Oates , director of Duff & Phelps Select Energy Mlp Fund Inc. purchased 8,616 shares on May 16, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.26 per share for a total value of $62,543.54 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Nathan I Partain (Chief Investment Officer) purchased 14,000 shares at $7.43 per share price.On May 3, 2016, Charles John Georgas (other) purchased 1,400 shares at $7.35 per share price.Also, On Feb 12, 2016, Jacqueline Porter (VP & Assistant Treasurer) purchased 800 shares at $3.60 per share price.On Dec 7, 2015, James M Oates (director) purchased 2,000 shares at $6.28 per share price.
Duff & Phelps Select Energy MLP Fund Inc. is a non-diversified closed-end management investment company. The Funds investment objective is to seek a high level of total return resulting from a combination of current tax-deferred distributions and capital appreciation. The Fund will invest at least 80% of its Managed Assets in energy MLPs. The Fund may invest up to 20% of its Managed Assets in securities of issuers either in the energy sector and that are not MLPs or that produce products that are primarily for the use of companies in the energy sector. Virtus Alternative Investment Advisers Inc. is the funds investment manager.