CHICAGO, Nov. 7, 2011 /PRNewswire/ -- On
November 3, 2011, the Board of
Directors of DNP Select Income Fund Inc. (NYSE: DNP), Duff &
Phelps Global Utility Income Fund Inc. (NYSE: DPG), Duff &
Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) and DTF
Tax-Free Income Inc. (NYSE: DTF), the closed-end funds advised by
Duff & Phelps Investment Management Co., authorized the payment
of dividends on each fund's common stock as follows:
DNP Select Income Fund Inc. (Monthly pay)
|
Cents Per Share
|
Record Date
|
Payable Date
|
|
6.5
|
December 30, 2011
|
January 10, 2012
|
|
6.5
|
January 31, 2012
|
February 10, 2012
|
|
6.5
|
February 29, 2012
|
March 12, 2012
|
Duff & Phelps Global Utility Income Fund Inc.
(Quarterly pay)
|
Cents Per Share
|
Record Date
|
Payable Date
|
|
35.0
|
December 15, 2011
|
December 30, 2011
|
Duff & Phelps Utility and Corporate Bond Trust Inc.
(Monthly pay)
|
Cents Per Share
|
Record Date
|
Payable Date
|
|
7.0
|
December 15, 2011
|
December 30, 2011
|
|
7.0
|
January 17, 2012
|
January 31, 2012
|
|
7.0
|
February 15, 2012
|
February 29, 2012
|
DTF Tax-Free Income Inc. (Monthly pay)
|
Cents Per Share
|
Record Date
|
Payable Date
|
|
6.75
|
December 15, 2011
|
December 30, 2011
|
|
|
|
|
|
|
|
|
About the Funds
DNP Select Income Fund Inc. is a closed-end diversified
investment management company whose primary investment objectives
are current income and long-term growth of income. The fund seeks
to achieve these objectives by investing primarily in a diversified
portfolio of equity and fixed income securities of companies in the
public utilities industry. For more information, visit
www.dnpselectincome.com or call (800) 864-0629.
Duff & Phelps Global Utility Income Fund Inc. is a
closed-end non-diversified investment management company whose
investment objective is to seek total return, resulting primarily
from a high level of current income, with an emphasis on
tax-advantaged dividend income, and growth in current income, and
secondarily from capital appreciation, by investing in equities of
domestic and foreign utility companies in the electric, gas, water,
telecommunications, and midstream energy sectors. For more
information, visit www.dpgfund.com or call (866) 270-7598.
Duff & Phelps Utility and Corporate Bond Trust Inc. is a
closed-end diversified investment management company whose primary
investment objective is high current income consistent with
investing in securities of investment grade quality. The fund seeks
to achieve its objectives by investing substantially all of its
assets in a diversified portfolio of utility income securities,
corporate income securities, mortgage-backed securities and
asset-backed securities. For more information, visit
www.ducfund.com or call (800) 338-8214.
DTF Tax-Free Income Inc. is a closed-end diversified investment
management company whose investment objective is current income
exempt from regular federal income tax consistent with preservation
of capital. The fund seeks to achieve its investment
objective by investing in a diversified portfolio of
investment-grade tax-exempt obligations. For more
information, visit www.dtffund.com or call (800) 338-8214.
About the Investment Adviser
Duff & Phelps Investment Management Co. has more than 28
years of experience managing investment portfolios, including
institutional separate accounts and open- and closed-end funds
investing in utilities, infrastructure and real estate investment
trusts (REITs). For more information, visit
www.dpimc.com.
Duff & Phelps is a subsidiary of Virtus Investment Partners
(NASDAQ: VRTS), a multi-boutique asset manager with $33.1 billion under management as of September 30, 2011. Virtus provides investment
management products and services to individuals and institutions
through a multi-manager asset management business, comprising a
number of individual affiliated managers, each with a distinct
investment style, autonomous investment process and individual
brand. Additional information can be found at
www.virtus.com.
SOURCE DNP Select Income Fund Inc.