Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividend and Discloses Sources of Distribution Section 19(a) Notice | New

CHICAGO, June 9, 2022 /PRNewswire/ — 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., today authorized the payment of dividends on its ordinary shares as follows:

Cents per share

Secondment date

Registration Date

Payment date


September 14, 2022

September 15, 2022

September 30, 2022

The Fund adopted a managed distribution plan (the “Plan”) in 2015 in order to maintain its 35 cents payout rate per share. Under the plan, the Fund will distribute all available investment income to its shareholders, in accordance with the investment objective of the Fund. If and when sufficient investment income is not available on a quarterly basis, the Fund will distribute realized capital gains and/or return of capital to its shareholders in order to maintain the 35 cents distribution level per share.

The following table shows the estimated quarterly June Fund distribution amounts to shareholders of record as of the close of business on June 15, 2022 (ex-date June 14, 2022), payable June 30, 2022, as well as the cumulative distributions paid in this year to date from the following sources. All amounts are per common share based on US generally accepted accounting principles, which may differ from federal income tax regulations.

Distribution estimates

June 2022 (QTD)

Year-to-date (YTD)


Per share


% of



Per share


% of



Net investment income





Short-term net realized capital gains





Net realized long-term capital gains





Return of capital (or other source of capital)










As of May 31, 2022

Average annual total return on NAV for the 5 years


Current annualized payout rate as a percentage of net asset value


Cumulative Total Net Asset Value Return for the Year


Cumulative distributions for the year as a percentage of net asset value


The Fund will issue a separate 19(a) notice at the time of each quarterly distribution using the most recent financial information available. You should not draw any conclusions about the investment performance of the Fund from the amount of such distributions or the terms of the Fund’s managed distribution plan.

The Fund believes it has distributed more than its income and capital gains; therefore, part of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the investment performance of the Fund and should not be confused with “yield” or “income”.

The amounts and sources of distributions set forth in this notice are estimates only and are not provided for tax reporting purposes. Actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience over the remainder of the year and may be subject to change as a result of tax regulations. The Fund or your dealer will send you a Form 1099-DIV for the calendar year which 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 principally from (i) a high level of current income, with an emphasis on providing tax-efficient dividend income and (ii) growth in current income, and secondarily capital appreciation. The Fund seeks to achieve these objectives by investing primarily in the shares of domestic and foreign utility 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 utilities and infrastructure sectors. The utilities industry is defined to include the following sectors: electricity, gas, water, telecommunications and intermediate energy. The infrastructure industry is defined as companies owning or operating essential transportation assets, such as toll roads, bridges, tunnels, airports, seaports, and railways. For more information, please contact Shareholder Services at (866) 270-7598, by email at [email protected], or visit DPG’s website, www.dpimc.com/dpg.

About the Investment Advisor

Duff & Phelps Investment Management Co. is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a distinctive partnership of boutique asset managers. Duff & Phelps has over 35 years of experience managing investment portfolios, including institutional segregated accounts and open and closed-end funds investing in utilities, infrastructure, MLPs and real estate investment trusts ( REIT). For more information, visit www.dpimc.com.

View original content for multimedia download: https://www.prnewswire.com/news-releases/duff–phelps-utility-and-infrastructure-fund-inc-announces-dividend-and-discloses-sources-of- distribution- article-19a-notice-301565250.html

SOURCE Duff & Phelps Utility and Infrastructure Fund Inc.

Comments are closed.