Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution - Section 19(a) Notice
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) announced its monthly distribution of $0.07 per share, payable November 12, 2024. Under its Managed Distribution Plan, the October distribution consists entirely of return of capital (100%). Year-to-date distributions total $0.910 per share, with 98.5% from return of capital and 1.5% from net investment income. The Fund's 5-year average annual return on NAV is 4.80%, with a current annualized distribution rate of 6.52% of NAV. The Fund's fiscal year-to-date total return on NAV stands at 39.70%.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) ha annunciato la sua distribuzione mensile di $0,07 per azione, che sarà pagata il 12 novembre 2024. Secondo il suo Piano di Distribuzione Gestito, la distribuzione di ottobre è interamente composta da un ritorno di capitale (100%). Le distribuzioni dall'inizio dell'anno ammontano a $0,910 per azione, con il 98,5% derivante dal ritorno di capitale e l'1,5% da reddito netto da investimenti. Il rendimento medio annuale a 5 anni del Fondo sul NAV è del 4,80%, con un attuale tasso di distribuzione annualizzato del 6,52% del NAV. Il rendimento totale del Fondo dall'inizio dell'anno sul NAV è del 39,70%.
Fondo de Utility e Infraestructura de Duff & Phelps (NYSE: DPG) anunció su distribución mensual de $0,07 por acción, que se pagará el 12 de noviembre de 2024. Bajo su Plan de Distribución Gestionada, la distribución de octubre consiste completamente en retorno de capital (100%). Las distribuciones acumuladas hasta la fecha son de $0,910 por acción, con el 98,5% proveniente de retorno de capital y el 1,5% de ingresos netos por inversiones. El rendimiento promedio anual del Fondo durante 5 años sobre el NAV es del 4,80%, con una tasa de distribución anualizada actual del 6,52% del NAV. El retorno total del Fondo hasta la fecha sobre el NAV es del 39,70%.
더프 & 펠프스 유틸리티 및 인프라 펀드 (NYSE: DPG)는 주당 $0.07의 월 분배금을 발표했으며, 이는 2024년 11월 12일에 지급될 예정입니다. 관리 배당금 계획에 따라 10월 분배는 전액 자본 반환(100%)으로 구성되어 있습니다. 연초 기준 분배 총액은 주당 $0.910이며, 98.5%는 자본 반환에서, 1.5%는 순투자 소득에서 발생했습니다. 펀드의 5년 평균 연간 NAV 수익률은 4.80%이며, 현재 연간 배당률은 NAV의 6.52%입니다. 펀드의 회계연도 누적 NAV 총 수익률은 39.70%입니다.
Fonds Utility et Infrastructure Duff & Phelps (NYSE: DPG) a annoncé sa distribution mensuelle de 0,07 $ par action, qui sera payée le 12 novembre 2024. Dans le cadre de son Plan de Distribution Géré, la distribution d'octobre se compose entièrement d'un retour de capital (100%). Les distributions cumulées à ce jour s'élèvent à 0,910 $ par action, dont 98,5% proviennent de retours de capital et 1,5% de revenus nets d'investissement. Le rendement annuel moyen du Fonds sur 5 ans par rapport à la NAV est de 4,80%, avec un taux de distribution annualisé actuel de 6,52% de la NAV. Le rendement total du Fonds depuis le début de l'année sur la NAV est de 39,70%.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) hat seine monatliche Ausschüttung von 0,07 $ pro Aktie angekündigt, die am 12. November 2024 gezahlt wird. Im Rahmen seines verwalteten Ausschüttungsplans besteht die Ausschüttung im Oktober ausschließlich aus Kapitalrückzahlung (100%). Die seit Jahresbeginn Ausschüttungen belaufen sich auf 0,910 $ pro Aktie, wobei 98,5% aus Kapitalrückzahlungen und 1,5% aus Nettoinvestitionseinkünften stammen. Die durchschnittliche jährliche Rendite des Fonds über einen Zeitraum von 5 Jahren auf den NAV beträgt 4,80%, mit einer aktuellen annualisierten Ausschüttungsrate von 6,52% des NAV. Die Gesamtrendite des Fonds seit Jahresbeginn auf den NAV beträgt 39,70%.
- Strong fiscal year-to-date total return on NAV of 39.70%
- Consistent monthly distribution of $0.07 per share maintained
- Positive 5-year average annual return on NAV of 4.80%
- Current distribution consists entirely of return of capital (100%)
- 98.5% of year-to-date distributions are return of capital, indicating minimal income generation
- No capital gains distributed in current period
Insights
This monthly distribution announcement reveals concerning metrics for DPG investors. The fund's distribution is currently
While the fund shows a respectable
Per Share Amount |
Ex-Date |
Record Date |
Payable Date |
|
October 31, 2024 |
October 31, 2024 |
November 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 October monthly distribution to shareholders of record at the close of business on October 31, 2024 (ex-date October 31, 2024), payable November 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 |
October 2024 (MTD) |
Year-to-Date (YTD) |
||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||
Net Investment Income |
$ |
0.000 |
|
$ |
0.014 |
|
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 |
|
|
0.896 |
|
Total Distribution |
$ |
0.070 |
|
$ |
0.910 |
|
As of September 30, 2024 |
|
Average annual total return on NAV for the 5 years |
|
Annualized current distribution rate as a percentage of NAV(1) |
|
Cumulative total return on NAV for the fiscal year |
|
Cumulative fiscal year distributions as a percentage of NAV(1) |
|
(1) |
Calculated based on monthly rate of |
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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