CHICAGO, Dec. 20, 2017 /PRNewswire/ -- Duff &
Phelps Global Utility Income Fund Inc. (NYSE: DPG), a
closed-end fund advised by Duff & Phelps Investment Management
Co., today provided the following fund performance as of
November 30, 2017, to correct
performance reported on December 14,
2017:
As of November 30,
2017
|
|
Average annual total
return on NAV for the 5 years
|
5.60%
|
Annualized current
distribution rate as a percentage of NAV
|
7.85%
|
Cumulative total
return on NAV for the fiscal year
|
2.12%
|
Cumulative fiscal
year distributions as a percentage of NAV
|
1.96%
|
There are no changes to the authorized payment of dividends on
its common stock, which was disclosed on December 14, 2017, nor to the distribution
estimates as shown below:
Dividend
Payment
|
Cents Per
Share
|
Ex-Date
|
Record
Date
|
Payable
Date
|
$0.35
|
March 14,
2018
|
March 15,
2018
|
March 29,
2018
|
Distribution
Estimates
|
December 2017
(QTD)
|
Year-to-date
(YTD)
|
(Sources)
|
Per
Share
Amount
|
% of Current
Distribution
|
Per Share
Amount
|
%
of Cumulative
Distributions
|
Net Investment
Income
|
$
0.053
|
15.3%
|
$
0.053
|
15.3%
|
Net Realized Foreign
Currency Gains
|
-
|
0.0%
|
-
|
0.0%
|
Net Realized
Short-Term Capital Gains
|
-
|
0.0%
|
-
|
0.0%
|
Net Realized
Long-Term Capital Gains
|
0.235
|
67.1%
|
0.235
|
67.1%
|
Return of Capital (or
other Capital Source)
|
0.062
|
17.6%
|
0.062
|
17.6%
|
Total
|
$
0.350
|
100.0%
|
$
0.350
|
100.0%
|
The fund estimates that it has distributed more than its income
and capital gains; therefore, a portion of your distribution may be
a return of capital. A return of capital may occur, for example,
when some or all of the money that you invested in the fund is paid
back to you. A return of capital distribution does not necessarily
reflect the fund's investment performance and should not be
confused with 'yield' or 'income'.
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 or your
broker 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.
The fund will issue a separate 19(a) notice at the time of each
quarterly distribution using the most current financial information
available.
About the Fund
Duff & Phelps Global Utility Income Fund Inc. is a
closed-end investment management company whose 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. 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, MLPs and real estate investment trusts (REITs). For
more information, visit www.dpimc.com.
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SOURCE Duff & Phelps Global Utility Income Fund Inc.