Duff & Phelps Select MLP and Midstream Energy Fund (DSE) Liquidation and Dissolution
Concerned about investment losses in DSE?
Have you suffered losses investing in Duff & Phelps Select MLP and Midstream Energy Fund (DSE)? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
After catastrophic losses for investors over the past year, the Duff & Phelps Select MLP and Midstream Energy Fund Inc. (NYSE: DSE), reportedly announced yesterday that its Board of Directors has approved fund management’s recommendation to seek shareholder approval for the liquidation and dissolution of the fund.
The determination was reportedly based on an assessment of a variety of factors, including the significant and unprecedented downturn in the MLP and midstream energy sector, in which the fund invests, the current level of assets, as well as a review of potential alternatives.
The proposal to liquidate and dissolve the fund, which requires the approval of shareholders, will be submitted for approval at the fund’s annual shareholder meeting, scheduled for May 21, 2020. The Board decided that the fund will not declare or pay a dividend for the second quarter.
High Risk MLP Funds
The White Law Group continues to investigate potential securities claims involving broker dealers who may have recommended high risk MLP funds.
Master Limited Partnerships (MLPs) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors.
Aggressive financial advisors may have unsuitably recommended DSE in an effort to chase yield. Investors who buy solely on the basis of the dividend may experience losses as the dividend is cut and the stock price declines in response.
Financial advisors are required to make suitable investment recommendations, based on your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk.
If you suffered losses investing in Duff & Phelps Select MLP and Midstream Energy Fund (DSE) the securities attorneys at The White Law Group may be able to help you. Please call the offices of The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.