DUFF & PHELPS UTILITIES TAX-FREE INCOME INC. DIVIDEND PRESS RELEASE.NEW YORK--(BUSINESS WIRE)--Dec. 21, 1995--The Board of Directors of Duff & Phelps Utilities Tax-Free Income tax-free income The income received but not subject to income taxes. For example, interest from most municipal bonds is free of federal income taxes and often from state and local income taxes as well. Compare tax-deferred income, tax-sheltered income. Inc. (NYSE NYSE See: New York Stock Exchange :DTF (Digital Tape Format) A high-performance magnetic tape technology from Sony that was based on the helical scan transport and cartridge shell of Sony's highly successful 1/2" Digital Betacam. ), at a regularly scheduled meeting, declared a regular monthly dividend in the amount of $0.08 per share and a special year end distribution of taxable net realized short-term capital gains Short-term capital gain A profit on the sale of a security or mutual fund share that has been held for one year or less. A short-term capital gain is taxed as ordinary income. in the amount of $0.03 per share. These distributions are payable on January 26, 1996 to common shareholders of record as of the close of business on December 29, 1995. Duff & Phelps Utilities Tax-Free Income Inc. is a diversified, closed-end management investment company. The Fund's investment objective is current income exempt from regular federal income tax consistent with the preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at . The Fund will seek to achieve its investment objective by investing primarily in a diversified portfolio of investment grade tax-exempt utility obligations. For additional information on the Fund please call (212) 214-1665. CONTACT: Duff & Phelps Utilities Tax-Free Income Inc. (212) 214-1665. |
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