Form 4: MetLife Investment Management Acquires $3.1 Million in DNP Select Income Fund Notes
SEC Form 4 Filing
MetLife Investment Management, LLC reports the acquisition of $3.1 million in DNP Select Income Fund Inc. senior secured notes due July 22, 2026.
Summary
- MetLife Investment Management, LLC acquired $3,100,000 in 3.00% Series B Senior Secured Notes Due July 22, 2026 of DNP Select Income Fund Inc. on July 22, 2024.
- The notes were purchased at a price of $3,100,000.
- The securities are held directly by a client for whom MetLife Investment Management serves as investment manager.
- MetLife Investment Management disclaims beneficial ownership of the securities except to the extent of its pecuniary interest.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't indicate positive or negative performance.
Positives
- The acquisition of the notes indicates investment activity in DNP Select Income Fund.
Industry Context
This filing reflects investment activity in the closed-end fund sector, where institutional investors like MetLife Investment Management manage assets on behalf of clients.
Stakeholder Impact
- The acquisition of notes may provide DNP Select Income Fund with additional capital.
Key Dates
| Date | Description |
|---|---|
| 07/22/2024 | Date of transaction: Acquisition of $3,100,000 in Senior Secured Notes. |
| 07/22/2026 | Maturity date of the 3.00% Series B Senior Secured Notes. |
| 07/24/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.