CHICAGO, March 15, 2016 /PRNewswire/ -- The Board of
Directors of Duff & Phelps Utility and Corporate Bond Trust
Inc. (NYSE: DUC) and DTF Tax-Free Income Inc. (NYSE: DTF), two
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 Utility and Corporate Bond Trust Inc.
(Monthly pay)
Cents Per
Share
|
Record
Date
|
Payable
Date
|
5.0
|
April 15,
2016
|
April 29,
2016
|
5.0
|
May 16,
2016
|
May 31,
2016
|
5.0
|
June 15,
2016
|
June 30,
2016
|
DTF Tax-Free Income Inc. (Monthly pay)
Cents Per
Share
|
Record
Date
|
Payable
Date
|
7.0
|
April 15,
2016
|
April 29,
2016
|
7.0
|
May 16,
2016
|
May 31,
2016
|
7.0
|
June 15,
2016
|
June 30,
2016
|
About the Funds
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. is a subsidiary of
Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset
manager with $47.4 billion under
management as of December 31,
2015. Duff & Phelps 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.
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SOURCE Duff & Phelps Utility and Corporate Bond Trust
Inc.