CHICAGO, June 30, 2015 /PRNewswire/ -- Duff & Phelps
Global Utility Income Fund Inc. (NYSE: DPG) declared a
distribution of $0.35 per share to
shareholders of record at the close of business on June 15, 2015 (ex-date June 11, 2015).
The following table sets forth the estimated amounts of the
Fund's June quarterly distribution, payable June 30, 2015, together with the cumulative
distributions paid this fiscal year to date from the following
sources. All amounts are expressed per share of common stock
based on U.S. generally accepted accounting principles which may
differ from federal income tax regulations.
Distribution
Estimates
|
June 2015
(QTD)
|
Year-to-date
(YTD)
|
(Sources)
|
Per
Share
Amount
|
% of Current
Distribution
|
Per Share
Amount
|
%
of
Cumulative
Distributions
|
Net Investment
Income
|
$ 0.232
|
66.3%
|
$ 0.515
|
49.1%
|
Net Realized
Short-Term Capital Gains
|
-
|
-
|
-
|
-
|
Net Realized
Long-Term Capital Gains
|
0.118
|
33.7%
|
0.535
|
50.9%
|
Return of Capital (or
other Capital Source)
|
-
|
-
|
-
|
-
|
Total
|
$
0.350
|
100.0%
|
$
1.050
|
100.0%
|
May 29,
2015
|
|
Average annual total
return on NAV since inception (1)
|
11.52%
|
Annualized current
distribution rate as a percentage of NAV
|
6.21%
|
Cumulative total
return on NAV for the fiscal year
|
-4.63%
|
Cumulative fiscal
year distributions as a percentage of NAV
|
3.11%
|
(1)
|
Average annual total
return on NAV is the annual compound return from the commencement
of the Fund's operations on July 29, 2011. It reflects the
change in the Fund's NAV and reinvestment of all
distributions.
|
|
|
|
You should not draw any conclusions about the Fund's investment
performance from the amount of these distributions or from the
terms of the Fund's managed distribution plan.
The amounts and sources of distributions reported in this notice
are only estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for
tax reporting purposes will depend upon the Fund's investment
experience during the remainder of the fiscal year and may be
subject to changes based on tax regulations. The Fund will send you
a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes.
About the Fund
The Fund's investment objective is to seek total return,
resulting primarily from (i) a high level of current income,
with an emphasis on providing tax-advantaged dividend income and
(ii) growth in current income, and secondarily from capital
appreciation. The Fund seeks to achieve these objectives by
investing in equities of domestic and foreign utility companies in
the electric, gas, water, telecommunications, and midstream energy
sectors. For more information, please contact shareholder
services at (866) 270-7598, by email at duff@virtus.com, or visit
the DPG website, www.dpgfund.com.
About the Investment Adviser
Duff & Phelps Investment Management Co. is a subsidiary of
Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset
manager with $54.8 billion under
management as of March 31,
2015. Duff & Phelps has more than 35 years of experience
managing investment portfolios, including institutional separate
accounts and open- and closed-end funds investing in utilities,
infrastructure and real estate investment trusts (REITs). For more
information, visit www.dpimc.com.
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SOURCE Virtus Investment Partners, Inc.