Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution - Section 19(a) Notice
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CHICAGO, September 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 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 | Per Share Amount | Percentage | ||||||
| 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’.