Closed-End Funds


Duff & Phelps Select Energy MLP Fund Inc. (NYSE: DSE*)

A New Closed-End Fund Offering:

Product Information

Investor Guide
Preliminary Prospectus
Preliminary SAI

For additional product information, please call 1-800-243-4361.

The information in this document and in the preliminary prospectus is not complete and may be changed. A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission, but has not yet become effective. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. Neither this document nor the preliminary prospectus is an offer to sell these securities and the Fund is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

Investors should carefully consider the Fund’s investment objective, risks, charges, and expenses before investing. The preliminary prospectus contains this and other information about the Fund. Read it carefully before investing. Once the Fund’s registration statement becomes effective, investors should carefully read the final prospectus, which includes the information described above. To obtain a preliminary prospectus, and a final prospectus when available, please call Virtus Investment Partners at 1-800-243-4361 or visit www.Virtus.com/DSE.

Investing in common stock of the Fund involves substantial risks that are described in the “Risks” section of the preliminary prospectus.

Shares of closed-end funds frequently trade at a discount from their net asset value. An investment in the Fund is not appropriate for all investors and is not designed to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Morgan Stanley & Co. LLC is acting as lead underwriter for this offering.

Not insured by FDIC/ NCUSIF or any federal government agency.  No bank guarantee.  Not a deposit.  May lose value.

* It is anticipated that the Fund’s shares of common stock will be approved for listing under the ticker symbol “DSE” on the New York Stock Exchange, subject to notice of issuance.