CHICAGO, December 09, 2024–(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 September 19, 2024:
|
Per Share Amount |
Ex-Date |
Record Date |
Payable Date |
|
$0.07 |
November 29, 2024 |
November 29, 2024 |
December 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 November monthly distribution to shareholders of record at the close of business on November 29, 2024 (ex-date November 29, 2024), payable December 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 |
November 2024 (MTD) |
Fiscal Year-to-Date (YTD) |
||||
|
  (Sources) |
Per Share Amount |
Percentage of Current Distribution |
Per Share Amount |
Percentage of Current Distribution |
||
|
Net Investment Income |
$ |
0.037 |
52.8% |
$ |
0.037 |
52.8% |
|
Net Realized Short-Term Capital Gains |
 |
0.024 |
34.3% |
 |
0.024 |
34.3% |
|
Net Realized Long-Term Capital Gains |
 |
0.009 |
12.9% |
 |
0.009 |
12.9% |
|
Return of Capital (or other Capital Source) |
 |
0.000 |
0.0% |
 |
0.000 |
0.0% |
|
Total Distribution |
$ |
0.070 |
100.0% |
$ |
0.070 |
100.0% |
|
As of October 31, 2024 |
 |
|
Average annual total return on NAV for the 5 years |
5.38% |
|
Annualized current distribution rate as a percentage of NAV(1) |
6.56% |
|
Cumulative total return on NAV for the fiscal year |
39.57% |
|
Cumulative fiscal year distributions as a percentage of NAV(1) |
7.11% |
|
(1) |
Calculated based on monthly rate of $0.07 per share. Cumulative fiscal year distributions for the fiscal year ending October 31, 2024 are higher than the annualized current distribution rate due to a change in the distribution frequency from quarterly to monthly during the fiscal year. |
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.