Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution - Section 19(a) Notice
09 Septiembre 2024 - 3:05PM
Business Wire
The Board of Directors of Duff & Phelps Utility and
Infrastructure Fund Inc. (NYSE: DPG), a closed-end fund advised by
Duff & Phelps Investment Management Co., previously announced
the following monthly distribution on June 17, 2024:
Per Share Amount
Ex-Date
Record Date
Payable Date
$0.07
August 30, 2024
August 30, 2024
September 10, 2024
The Fund adopted a Managed Distribution Plan (the “Plan”) in
2015. Under the Plan, the Fund will distribute all available
investment income to its shareholders, consistent with the Fund’s
investment objective. If and when sufficient investment income is
not available on a monthly basis, the Fund will distribute realized
capital gains and/or return of capital to its shareholders in order
to maintain the monthly $0.07 per share distribution level.
The following table sets forth the estimated amounts of the
Fund’s August monthly distribution to shareholders of record at the
close of business on August 30, 2024 (ex-date August 30, 2024),
payable September 10, 2024, together with the cumulative
distributions paid from the first day of the fiscal year to this
month end 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
August 2024 (MTD)
Year-to-Date (YTD)
(Sources)
Per Share
Amount
Percentage of Current
Distribution
Per Share Amount
Percentage of Current
Distribution
Net Investment Income
$
0.000
0.0
%
$
0.014
1.8
%
Net Realized Foreign Currency Gains
0.000
0.0
%
0.000
0.0
%
Net Realized Short-Term Capital Gains
0.000
0.0
%
0.000
0.0
%
Net Realized Long-Term Capital Gains
0.000
0.0
%
0.000
0.0
%
Return of Capital (or other Capital
Source)
0.070
100.0
%
0.756
98.2
%
Total Distribution
$
0.070
100.0
%
$
0.770
100.0
%
As of July 31, 2024
Average annual total return on NAV for the
5 years
3.46
%
Annualized current distribution rate as a
percentage of NAV
7.06
%
Cumulative total return on NAV for the
fiscal year
27.54
%
Cumulative fiscal year distributions as a
percentage of NAV
5.89
%
The Fund will issue a separate 19(a) notice at the time of each
distribution using the most current financial information
available. You should not draw any conclusions about the Fund’s
investment performance from the amount of these distributions or
from the terms of the Plan.
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.
About the Fund
Duff & Phelps Utility and Infrastructure 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 primarily in equities of domestic and
foreign utilities and infrastructure providers. Under normal market
conditions, the Fund will invest at least 80% of its total assets
in dividend-paying equity securities of companies in the utility
industry and the infrastructure industry. The utility industry is
defined to include the following sectors: electric, gas, water,
telecommunications, and midstream energy. The infrastructure
industry is defined as companies owning or operating essential
transportation assets, such as toll roads, bridges, tunnels,
airports, seaports, and railroads. For more information, contact
shareholder services at (866) 270-7598, by email at
duff@virtus.com, or visit the DPG website, dpimc.com/dpg.
About the Investment Adviser
Duff & Phelps Investment Management Co. is a boutique
investment manager that specializes in listed real asset strategies
for institutional and individual clients. An affiliated manager of
Virtus Investment Partners, Inc. (NYSE: VRTS), the firm began in
1932 as a fundamental research firm and has been managing assets
since 1979. The firm seeks to provide specialty investment
strategies that enhance client outcomes through active portfolio
management and customized solutions, utilizing a process with
values that include quality, reliability, and specialization.
Investment strategies include U.S. and global real estate
securities, global listed infrastructure, energy infrastructure,
water, and clean energy. For more information visit dpimc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240909486687/en/
For Further Information: DPG
Fund Services (866) 270-7598 duff@virtus.com
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