CHICAGO, March 19, 2015 /PRNewswire/ -- The Board of
Directors of 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), three
closed-end funds advised by Duff & Phelps Investment Management
Co., today authorized the payment of dividends on each fund's
common stock as follows:
Duff & Phelps
Global Utility Income Fund Inc. (Quarterly pay)
|
Cents Per
Share
|
Record
Date
|
Payable
Date
|
35.0
|
June 15,
2015
|
June 30,
2015
|
Duff & Phelps
Utility and Corporate Bond Trust Inc. (Monthly pay)
|
Cents Per
Share
|
Record
Date
|
Payable
Date
|
5.0
|
April 15,
2015
|
April 30,
2015
|
5.0
|
May 15,
2015
|
May 29,
2015
|
5.0
|
June 15,
2015
|
June 30,
2015
|
DTF Tax-Free
Income Inc. (Monthly pay)
|
Cents Per
Share
|
Record
Date
|
Payable
Date
|
7.0
|
April 15,
2015
|
April 30,
2015
|
7.0
|
May 15,
2015
|
May 29,
2015
|
7.0
|
June 15,
2015
|
June 30,
2015
|
About the Funds
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 35
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 $56.7 billion under management as of December 31, 2014. 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.
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visit:http://www.prnewswire.com/news-releases/duff--phelps-closed-end-funds-announce-dividends-300053427.html
SOURCE Duff & Phelps Global Utility Income Fund Inc.; Duff
& Phelps Utility and Corporate Bond Trust Inc.; DTF Tax-Free
Income Inc.