Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution - Section 19(a) Notice
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) has announced its monthly distribution of $0.07 per share, payable on August 12, 2024, to shareholders of record on July 31, 2024. The fund operates under a Managed Distribution Plan, aiming to distribute all available investment income to shareholders. For July 2024, the entire distribution ($0.070 per share) is classified as return of capital.
Year-to-date, 98% of distributions have been return of capital, with only 2% from net investment income. The fund's average annual total return on NAV for the past 5 years is 1.62%, with an annualized current distribution rate of 7.59% of NAV. The cumulative total return on NAV for the fiscal year stands at 18.05%.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) ha annunciato la sua distribuzione mensile di $0,07 per azione, che sarà corrisposta il 12 agosto 2024, agli azionisti registrati al 31 luglio 2024. Il fondo opera sotto un Piano di Distribuzione Gestita, con l'obiettivo di distribuire tutto il reddito da investimento disponibile agli azionisti. Per luglio 2024, l'intera distribuzione ($0,070 per azione) è classificata come rimborso di capitale.
Da inizio anno, il 98% delle distribuzioni è stato rimborso di capitale, con solo il 2% proveniente da reddito netto da investimenti. Il ritorno totale annuale medio sul NAV negli ultimi 5 anni è dell'1,62%, con un tasso di distribuzione annualizzato attuale del 7,59% del NAV. Il ritorno totale cumulativo sul NAV per l'anno fiscale è pari al 18,05%.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) ha anunciado su distribución mensual de $0,07 por acción, que se pagará el 12 de agosto de 2024 a los accionistas registrados al 31 de julio de 2024. El fondo opera bajo un Plan de Distribución Gestionada, con el objetivo de distribuir todo el ingreso disponible de inversión a los accionistas. Para julio de 2024, toda la distribución ($0,070 por acción) se clasifica como devolución de capital.
Hasta la fecha, el 98% de las distribuciones ha sido devolución de capital, con solo el 2% proveniente de ingresos netos por inversiones. El retorno total anual promedio sobre el NAV en los últimos 5 años es del 1,62%, con una tasa de distribución anualizada actual del 7,59% del NAV. El retorno total acumulado sobre el NAV para el año fiscal se sitúa en 18,05%.
Duff & Phelps 유틸리티 및 인프라 펀드 주식회사 (NYSE: DPG)는 주당 $0.07의 월 배당금을 발표하며, 2024년 8월 12일에 2024년 7월 31일 기준 주주에게 지급될 예정입니다. 이 펀드는 관리 배당 계획 하에 운영되며, 주주에게 모든 가능한 투자 소득을 배분하는 것을 목표로 합니다. 2024년 7월 배당금($0.070 주당)은 자본 환급으로 분류됩니다.
올해부터 지금까지 배당금의 98%는 자본 환급으로, 오직 2%만이 순 투자 수익에서 나왔습니다. 이 펀드의 지난 5년간 순자산가치(NAV)에 대한 연평균 총 수익률은 1.62%이며, 현재 연화 배당율은 NAV의 7.59%입니다. 회계연도에 대한 순자산가치(NAV)의 누적 총 수익률은 18.05%입니다.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) a annoncé sa distribution mensuelle de 0,07 $ par action, payable le 12 août 2024 aux actionnaires enregistrés le 31 juillet 2024. Le fonds fonctionne sous un Plan de Distribution Géré, visant à distribuer tous les revenus d'investissement disponibles aux actionnaires. Pour juillet 2024, l'intégralité de la distribution (0,070 $ par action) est classée comme remboursement de capital.
Depuis le début de l'année, 98% des distributions ont été des remboursements de capital, ne représentant que 2% des revenus d'investissement nets. Le rendement total annuel moyen sur le NAV au cours des 5 dernières années est de 1,62%, avec un taux de distribution annualisé actuel de 7,59% du NAV. Le rendement total cumulé sur le NAV pour l'exercice fiscal s'élève à 18,05%.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) hat seine monatliche Ausschüttung von 0,07 $ pro Aktie angekündigt, die am 12. August 2024 an die am 31. Juli 2024 registrierten Aktionäre ausgezahlt wird. Der Fonds unterliegt einem verwalteten Ausschüttungsplan, der darauf abzielt, alle verfügbaren Anlageerträge an die Aktionäre auszuschütten. Für Juli 2024 wird die gesamte Ausschüttung (0,070 $ pro Aktie) als Rückzahlung des Kapitals eingestuft.
Im laufenden Jahr stammen 98% der Ausschüttungen aus Rückzahlungen des Kapitals, während nur 2% aus dem Nettokapitalertrag stammen. Der durchschnittliche jährliche Gesamtertrag auf den NAV der letzten 5 Jahre beträgt 1,62%, mit einem aktualisierten jährlichen Ausschüttungssatz von 7,59% des NAV. Die kumulierte Gesamtrendite auf den NAV für das Haushaltsjahr liegt bei 18,05%.
- Monthly distribution of $0.07 per share maintained
- Cumulative total return on NAV for the fiscal year is 18.05%
- Annualized current distribution rate as a percentage of NAV is 7.59%
- Entire July 2024 distribution (100%) is classified as return of capital
- 98% of year-to-date distributions have been return of capital
- Average annual total return on NAV for the past 5 years is only 1.62%
Per Share Amount |
Ex-Date |
Record Date |
Payable Date |
|
July 31, 2024 |
July 31, 2024 |
August 12, 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
The following table sets forth the estimated amounts of the Fund’s July monthly distribution to shareholders of record at the close of business on July 31, 2024 (ex-date July 31, 2024), payable August 12, 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
Distribution Estimates |
July 2024 (MTD) |
Year-to-Date (YTD) |
|||||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
|||||
Net Investment Income |
$ |
0.000 |
0.0 |
% |
$ |
0.014 |
2.0 |
% |
|
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 |
% |
|
0.686 |
98.0 |
% |
|
Total Distribution |
$ |
0.070 |
100.0 |
% |
$ |
0.700 |
100.0 |
% |
|
As of June 28, 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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DPG Fund Services
(866) 270-7598
duff@virtus.com
Source: Duff & Phelps Utility and Infrastructure Fund Inc.
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