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Two Duff & Phelps closed-end funds declare dividends for three months.

Global Banking News-March 13, 2019-Two Duff & Phelps closed-end funds declare dividends for three months

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The boards of directors of Duff & Phelps Utility and Corporate Bond Trust Inc (NYSE:DUC) and DTF Tax-Free Income Inc (NYSE:DTF) approved common stock dividends of USD0.0305 per share for April, May and June 2019, the funds declared on Tuesday.

Respective shareholders of record date on 15 April, 15 May and 17 June 2019 will be paid on the dividends on 30 April, 31 May and 28 June 2019.

DUC and DTF are closed-end diversified investment management companies. DUC's primary investment objective is high current income consistent with investing in securities of investment grade quality. DTF's investment objective is current income exempt from regular federal income tax consistent with preservation of capital.

Duff & Phelps Investment Management Co is the funds' investment adviser. It is a subsidiary of Virtus Investment Partners (NASDAQ:VRTS), a multi-boutique asset manager with USD92bn under management as of 31 December 2018.

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Global Banking News (GBN)
Date:Mar 13, 2019
Words:177
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