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 September 10, 2024, to shareholders of record on August 30, 2024. The fund operates under a Managed Distribution Plan, aiming to distribute all available investment income to shareholders. For the August 2024 distribution, 100% of the $0.07 per share amount is categorized as Return of Capital.
Year-to-date, the fund has distributed $0.770 per share, with 98.2% classified as Return of Capital and only 1.8% as Net Investment Income. As of July 31, 2024, DPG's average annual total return on NAV for the past 5 years was 3.46%, and its annualized current distribution rate as a percentage of NAV was 7.06%. The fund's cumulative total return on NAV for the fiscal year stood at 27.54%.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) ha annunciato la sua distribuzione mensile di $0.07 per azione, che sarà pagata il 10 settembre 2024, agli azionisti registrati il 30 agosto 2024. Il fondo opera sotto un Piano di Distribuzione Gestita, con l'obiettivo di distribuire tutto il reddito da investimento disponibile agli azionisti. Per la distribuzione di agosto 2024, il 100% dell'importo di $0.07 per azione è classificato come Restituzione di Capitale.
Da inizio anno, il fondo ha distribuito $0.770 per azione, con il 98.2% classificato come Restituzione di Capitale e solo l'1.8% come Reddito Netto da Investimento. Al 31 luglio 2024, il rendimento totale annuale medio su NAV degli ultimi 5 anni era del 3.46%, e il tasso di distribuzione annualizzato attuale in percentuale di NAV era del 7.06%. Il rendimento totale cumulativo su NAV per l'anno fiscale si attesta a 27.54%.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) ha anunciado su distribución mensual de $0.07 por acción, que se pagará el 10 de septiembre de 2024, a los accionistas registrados el 30 de agosto de 2024. El fondo opera bajo un Plan de Distribución Administrada, con el objetivo de distribuir todos los ingresos disponibles de la inversión a los accionistas. Para la distribución de agosto de 2024, el 100% de la cantidad de $0.07 por acción se clasifica como Devolución de Capital.
Desde el inicio del año, el fondo ha distribuido $0.770 por acción, con el 98.2% clasificado como Devolución de Capital y solo el 1.8% como Ingreso Neto de Inversión. Al 31 de julio de 2024, el rendimiento total anual promedio sobre el NAV durante los últimos 5 años fue del 3.46%, y su tasa de distribución anualizada actual como un porcentaje del NAV fue del 7.06%. El rendimiento total acumulado sobre el NAV para el año fiscal se situó en 27.54%.
더프 & 펠프스 유틸리티 및 인프라 펀드 주식회사 (NYSE: DPG)는 2024년 9월 10일에 주주들에게 지급될 1주당 $0.07의 월 배당금을 발표했습니다. 주주 기록일은 2024년 8월 30일입니다. 이 펀드는 모든 가능한 투자 수익을 주주들에게 분배하기 위한 관리된 분배 계획에 따라 운영됩니다. 2024년 8월 배당금에 대해 1주당 $0.07의 100%가 자본 반환으로 분류됩니다.
올해 들어, 이 펀드는 1주당 $0.770를 분배했으며, 98.2%가 자본 반환으로 분류되고 단 1.8%만이 순 투자 수익으로 분류됩니다. 2024년 7월 31일 기준으로 DPG의 지난 5년간 NAV에 대한 평균 연간 총 수익률은 3.46%였으며, NAV 비율로 본 연간화된 현재 배당률은 7.06%였습니다. 회계 연도 동안NAV에 대한 누적 총 수익률은 27.54%였습니다.
Le Fonds d'Utilité et d'Infrastructure Duff & Phelps Inc. (NYSE: DPG) a annoncé sa distribution mensuelle de 0,07 $ par action, payable le 10 septembre 2024, aux actionnaires inscrits au 30 août 2024. Le fonds fonctionne sous un Plan de Distribution Gérée, visant à distribuer l'ensemble des revenus d'investissement disponibles aux actionnaires. Pour la distribution d'août 2024, 100 % du montant de 0,07 $ par action est classé comme Retour de Capital.
Depuis le début de l'année, le fonds a distribué 0,770 $ par action, avec 98,2 % classés comme Retour de Capital et seulement 1,8 % comme Revenu Net d'Investissement. Au 31 juillet 2024, le rendement total annuel moyen sur NAV des cinq dernières années était de 3,46 %, et le taux de distribution annualisé actuel en pourcentage du NAV était de 7,06 %. Le rendement total cumulé sur le NAV pour l'année fiscale s'élevait à 27,54 %.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) hat seine monatliche Ausschüttung von 0,07 $ pro Aktie bekannt gegeben, die am 10. September 2024 an die Aktionäre ausgezahlt wird, die am 30. August 2024 im Aktienregister stehen. Der Fonds arbeitet unter einem verwalteten Ausschüttungsplan, der darauf abzielt, alle verfügbaren Anlageerträge an die Aktionäre auszuschütten. Für die Ausschüttung im August 2024 ist 100% des Betrags von 0,07 $ pro Aktie als Rückzahlung von Kapital klassifiziert.
Von Jahresbeginn bis jetzt hat der Fonds 0,770 $ pro Aktie ausgeschüttet, wobei 98,2% als Rückzahlung von Kapital klassifiziert und nur 1,8% als Nettoanlageertrag. Zum 31. Juli 2024 betrug die durchschnittliche jährliche Gesamtrendite auf NAV in den vergangenen 5 Jahren 3,46%, und die aktuelle annualisierte Ausschüttungsquote in Prozent des NAV betrug 7,06%. Die kumulierte Gesamtrendite auf NAV für das Geschäftsjahr betrug 27,54%.
- Monthly distribution of $0.07 per share maintained
- Cumulative total return on NAV for the fiscal year at 27.54%
- Annualized current distribution rate as a percentage of NAV at 7.06%
- 100% of August 2024 distribution categorized as Return of Capital
- 98.2% of year-to-date distributions classified as Return of Capital
- Low average annual total return on NAV for the past 5 years at 3.46%
Per Share Amount |
Ex-Date |
Record Date |
Payable Date |
|
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
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
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’.
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.
FAQ
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