Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividends and Discloses Sources of Distribution Section 19(a) Notice
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has announced its dividend schedule for the upcoming months. The Board of Directors has authorized monthly dividends of $0.07 per share, payable on November 12, 2024, December 10, 2024, and January 10, 2025. This aligns with the Fund's Managed Distribution Plan, adopted in 2015, which aims to distribute all available investment income to shareholders.
The Fund's September 2024 distribution is estimated to be 100% return of capital. Year-to-date distributions are 98.3% return of capital and 1.7% net investment income. As of August 30, 2024, the Fund's average annual total return on NAV for the past 5 years was 4.45%, with an annualized current distribution rate of 6.73% of NAV.
Il Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) ha annunciato il programma di dividendi per i prossimi mesi. Il Consiglio di Amministrazione ha autorizzato dividendi mensili di $0,07 per azione, che saranno pagabili il 12 novembre 2024, il 10 dicembre 2024 e il 10 gennaio 2025. Questo è in linea con il Piano di Distribuzione Gestita del Fondo, adottato nel 2015, che mira a distribuire tutto il reddito da investimento disponibile agli azionisti.
La distribuzione del Fondo di settembre 2024 è stimata essere 100% restituzione di capitale. Le distribuzioni dall'inizio dell'anno sono pari al 98,3% di restituzione di capitale e all'1,7% di reddito netto da investimenti. Alla data del 30 agosto 2024, il rendimento totale medio annuo sull'NAV negli ultimi 5 anni è stato del 4,45%, con un tasso di distribuzione attuale annualizzato del 6,73% dell'NAV.
El Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) ha anunciado su calendario de dividendos para los próximos meses. La Junta Directiva ha autorizado dividendos mensuales de $0.07 por acción, que se pagarán el 12 de noviembre de 2024, el 10 de diciembre de 2024 y el 10 de enero de 2025. Esto se alinea con el Plan de Distribución Administrada del Fondo, adoptado en 2015, que tiene como objetivo distribuir todo el ingreso de inversión disponible a los accionistas.
Se estima que la distribución del Fondo en septiembre de 2024 será 100% retorno de capital. Las distribuciones acumuladas hasta la fecha son 98.3% retorno de capital y 1.7% ingreso neto de inversión. A partir del 30 de agosto de 2024, el rendimiento total promedio anual sobre el NAV en los últimos 5 años fue del 4.45%, con una tasa de distribución anualizada actual del 6.73% del NAV.
더프 & 펠프스 유틸리티 및 인프라 펀드 (NYSE: DPG)는 향후 몇 달 간의 배당금 일정을 발표했습니다. 이사회는 주당 $0.07의 월간 배당금을 승인했으며, 이는 2024년 11월 12일, 2024년 12월 10일 및 2025년 1월 10일에 지급됩니다. 이는 2015년에 채택된 펀드의 관리 배당 계획에 부합하며, 주주에게 사용 가능한 모든 투자 소득을 배당하는 것을 목표로 합니다.
2024년 9월 펀드의 분배는 100% 자본 환급으로 추정됩니다. 연초부터 지금까지의 분배는 자본 환급이 98.3%, 순 투자 소득이 1.7%입니다. 2024년 8월 30일 기준으로, 펀드의 최근 5년간 NAV의 평균 연간 총 수익률은 4.45%였으며, NAV의 연화 수익률은 6.73%입니다.
Le Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) a annoncé son calendrier de dividendes pour les mois à venir. Le Conseil d'Administration a autorisé des dividendes mensuels de 0,07 $ par action, payables le 12 novembre 2024, le 10 décembre 2024 et le 10 janvier 2025. Cela s'inscrit dans le cadre du Plan de Distribution Géré du Fonds, adopté en 2015, qui vise à distribuer tout le revenu d'investissement disponible aux actionnaires.
La distribution du Fonds pour septembre 2024 est estimée à 100% de restitution de capital. Les distributions depuis le début de l'année sont de 98,3% de restitution de capital et de 1,7% de revenu net d'investissement. Au 30 août 2024, le rendement total moyen annuel sur l'NAV au cours des 5 dernières années était de 4,45%, avec un taux de distribution actuel annualisé de 6,73% de l'NAV.
Der Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) hat seinen Dividendenauszahlungsplan für die kommenden Monate bekannt gegeben. Der Vorstand hat monatliche Dividenden von $0,07 pro Aktie genehmigt, die am 12. November 2024, 10. Dezember 2024 und 10. Januar 2025 ausgezahlt werden. Dies steht im Einklang mit dem seit 2015 bestehenden Managed Distribution Plan des Fonds, der darauf abzielt, allen verfügbaren Anlageeinkommen an die Aktionäre auszuschütten.
Die Ausschüttung des Fonds für September 2024 wird voraussichtlich 100% Rückzahlung des Kapitals betragen. Die Ausschüttungen seit Jahresbeginn belaufen sich auf 98,3% Rückzahlung des Kapitals und 1,7% Nettokapitaleinkommen. Zum 30. August 2024 betrug die durchschnittliche jährliche Gesamtrendite auf NAV der letzten 5 Jahre 4,45%, bei einem aktuell annualisierten Ausschüttungssatz von 6,73% des NAV.
- Consistent monthly dividend of $0.07 per share
- Annualized current distribution rate of 6.73% of NAV
- Cumulative total return on NAV for the fiscal year of 34.61%
- 100% of September 2024 distribution estimated to be return of capital
- 98.3% of year-to-date distributions are return of capital
- Average annual total return on NAV for the past 5 years is only 4.45%
Per Share Amount |
Ex-Date |
Record Date |
Payable Date |
|
October 31, 2024 |
October 31, 2024 |
November 12, 2024 |
|
November 29, 2024 |
November 29, 2024 |
December 10, 2024 |
|
December 31, 2024 |
December 31, 2024 |
January 10, 2025 |
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
The following table sets forth the estimated amounts of the Fund’s September monthly distribution to shareholders of record at the close of business on September 30, 2024 (ex-date September 30, 2024), payable October 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
|
September 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 |
|
$ |
0.014 |
|
Net Realized Foreign Currency Gains |
|
0.000 |
|
|
0.000 |
|
Net Realized Short-Term Capital Gains |
|
0.000 |
|
|
0.000 |
|
Net Realized Long-Term Capital Gains |
|
0.000 |
|
|
0.000 |
|
Return of Capital (or other Capital Source) |
|
0.070 |
|
|
0.826 |
|
Total Distribution |
$ |
0.070 |
|
$ |
0.840 |
|
As of August 30, 2024 |
|
Average annual total return on NAV for the 5 years |
|
Annualized current distribution rate as a percentage of NAV |
|
Cumulative total return on NAV for the fiscal year |
|
Cumulative fiscal year distributions as a percentage of NAV |
|
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
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
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For Further Information:
DPG Fund Services
(866) 270-7598
duff@virtus.com
Source: Duff & Phelps Utility and Infrastructure Fund Inc.
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