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 on February 10, 2025, to shareholders of record on January 31, 2025. Under its Managed Distribution Plan, the January 2025 distribution consists of 32% from net realized short-term capital gains ($0.022) and 68% from net realized long-term capital gains ($0.048).
For the fiscal year-to-date, which started November 1, 2024, distributions include 17.6% from net investment income, 38.3% from short-term capital gains, and 44.1% from long-term capital gains. The fund's 5-year average annual total return on NAV is 4.81%, with a current annualized distribution rate of 6.62% of NAV. The cumulative total return on NAV for the fiscal year stands at 0.16%.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) ha annunciato la sua distribuzione mensile di $0,07 per azione, pagabile il 10 febbraio 2025, agli azionisti registrati al 31 gennaio 2025. Secondo il suo Piano di Distribuzione Gestita, la distribuzione di gennaio 2025 consiste nel 32% da guadagni in conto capitale a breve termine netti realizzati ($0,022) e nel 68% da guadagni in conto capitale a lungo termine netti realizzati ($0,048).
Per l'anno fiscale fino ad oggi, iniziato il 1 novembre 2024, le distribuzioni includono il 17,6% da reddito da investimenti netti, il 38,3% da guadagni in conto capitale a breve termine e il 44,1% da guadagni in conto capitale a lungo termine. Il rendimento totale medio annuale del fondo su NAV negli ultimi 5 anni è del 4,81%, con un attuale tasso di distribuzione annualizzato del 6,62% di NAV. Il rendimento totale cumulativo su NAV per l'anno fiscale si attesta allo 0,16%.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) anunció su distribución mensual de $0.07 por acción, pagadera el 10 de febrero de 2025, a los accionistas registrados al 31 de enero de 2025. Según su Plan de Distribución Administrada, la distribución de enero de 2025 consiste en un 32% de ganancias de capital a corto plazo netas realizadas ($0.022) y un 68% de ganancias de capital a largo plazo netas realizadas ($0.048).
Para el año fiscal hasta la fecha, que comenzó el 1 de noviembre de 2024, las distribuciones incluyen un 17.6% de ingresos netos de inversiones, un 38.3% de ganancias de capital a corto plazo y un 44.1% de ganancias de capital a largo plazo. El rendimiento total anualizado promedio del fondo sobre el NAV durante los últimos 5 años es del 4.81%, con una tasa de distribución anualizada actual del 6.62% del NAV. El rendimiento total acumulado sobre el NAV para el año fiscal se sitúa en un 0.16%.
더프 앤 펠프스 유틸리티 및 인프라 펀드 (NYSE: DPG)는 주당 0.07 달러의 월별 배당금을 발표했으며, 2025년 2월 10일에 지불되고, 2025년 1월 31일 기준 주주에게 지급됩니다. 관리 배당 계획에 따라 2025년 1월 배당금은 단기 순 실현 자본 이익의 32%(0.022달러)와 장기 순 실현 자본 이익의 68%(0.048달러)로 구성됩니다.
2024년 11월 1일에 시작된 회계 연도 기준으로 올해 현재까지의 배당금은 순 투자 수익의 17.6%, 단기 자본 이익의 38.3%, 장기 자본 이익의 44.1%를 포함합니다. 이 펀드의 최근 5년간 NAV 기준 평균 연간 총 수익률은 4.81%이며, 현재 NAV 기준 연간화된 배당률은 6.62%입니다. 회계 연도에 대한 NAV 기준 누적 총 수익률은 0.16%입니다.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) a annoncé sa distribution mensuelle de 0,07 $ par action, payable le 10 février 2025, aux actionnaires inscrits le 31 janvier 2025. Dans le cadre de son Plan de Distribution Géré, la distribution de janvier 2025 se compose de 32 % de gains en capital à court terme nets réalisés (0,022 $) et de 68 % de gains en capital à long terme nets réalisés (0,048 $).
Pour l'année fiscale à ce jour, qui a commencé le 1er novembre 2024, les distributions comprennent 17,6 % de revenus nets d'investissement, 38,3 % de gains en capital à court terme et 44,1 % de gains en capital à long terme. Le rendement total annuel moyen du fonds sur la NAV au cours des 5 dernières années est de 4,81 %, avec un taux de distribution annualisé actuel de 6,62 % de la NAV. Le rendement total cumulé sur la NAV pour l'année fiscale est de 0,16 %.
Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) hat seine monatliche Ausschüttung von 0,07 $ pro Aktie bekannt gegeben, zahlbar am 10. Februar 2025, an Aktionäre, die am 31. Januar 2025 im Register stehen. Im Rahmen seines verwalteten Ausschüttungsplans besteht die Ausschüttung im Januar 2025 aus 32 % von realisierten nettorübergreifenden Kapitalgewinnen (0,022 $) und 68 % von realisierten nettolangen Kapitalgewinnen (0,048 $).
Für das bis dato laufende Geschäftsjahr, das am 1. November 2024 begann, bestehen die Ausschüttungen aus 17,6 % aus Nettoerträgen aus Investitionen, 38,3 % aus kurzfristigen Kapitalgewinnen und 44,1 % aus langfristigen Kapitalgewinnen. Die durchschnittliche jährliche Gesamtrendite des Fonds auf NAV über fünf Jahre beträgt 4,81 %, bei einer aktuellen annualisierten Ausschüttungsrate von 6,62 % des NAV. Die kumulierte Gesamtrendite auf NAV für das Geschäftsjahr steht bei 0,16 %.
- Monthly distribution maintained at $0.07 per share
- Current distribution fully covered by gains, with no return of capital
- Annualized distribution rate of 6.62% of NAV
- Positive 5-year average annual return of 4.81%
- Low fiscal year-to-date return of 0.16%
Per Share Amount |
Ex-Date |
Record Date |
Payable Date |
|
January 31, 2025 |
January 31, 2025 |
February 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 December monthly distribution to shareholders of record at the close of business on January 31, 2025 (ex-date January 31, 2025), payable February 10, 2025, 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 |
January 2025 (MTD) |
Fiscal Year-to-Date (YTD)(1) |
||||
(Sources) |
Per Share Amount |
Percentage of Current Distribution |
Per Share Amount |
Percentage of Current Distribution |
||
Net Investment Income |
$ |
- |
|
$ |
0.037 |
|
Net Realized Short-Term Capital Gains |
|
0.022 |
|
|
0.080 |
|
Net Realized Long-Term Capital Gains |
|
0.048 |
|
|
0.093 |
|
Return of Capital (or other Capital Source) |
|
- |
|
|
- |
|
Total Distribution |
$ |
0.070 |
|
$ |
0.210 |
|
(1) Fiscal year started November 1, 2024. |
||||||
As of December 31, 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 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
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