CHICAGO, Dec. 17, 2020 /PRNewswire/ -- On December 17, 2020, the Board of Directors of Duff
& Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) (the
"Fund"), a closed-end fund advised by Duff & Phelps Investment
Management Co., authorized the payment of dividends on the Fund's
common stock as follows:
|
Cents Per
Share
|
Ex-Dividend
Date
|
Record
Date
|
Payable
Date
|
|
5.0
|
January 14,
2021
|
January 15,
2021
|
January 29,
2021
|
|
5.0
|
February 12,
2021
|
February 16,
2021
|
February 26,
2021
|
|
5.0*
|
March 12,
2021*
|
March 15,
2021*
|
March 31,
2021*
|
* The March dividend will be declared and paid only if the
proposed merger with DNP Select Income Fund Inc. is not consummated
prior to March 12, 2021. The
proposed merger was announced in a separate press release dated
November 23,
2020.
About the Fund
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.dpimc.com/duc or call (800) 338-8214.
About the Investment Adviser
Duff & Phelps Investment Management Co. has more than 40
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 $116.5 billion under management as of
September 30, 2020. 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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SOURCE Duff & Phelps Utility and Corporate Bond Trust
Inc.