The Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) is a non-diversified, closed-end investment company initially offered to the public in July 2011. The Fund’s investment objective is to seek total return, resulting primarily from (i) a high level of current income, with an emphasis on providing tax-advantaged dividend income, and (ii) growth in current income, and secondarily from capital appreciation.
The Fund seeks to achieve its investment objectives by investing primarily in equities of domestic and foreign utilities and infrastructure providers. The Fund’s investment strategies endeavor to take advantage of the income and growth characteristics of equities in these industries. DPG has outstanding bank loan to leverage the common stockholders’ investment.
Under normal market conditions, the Fund will invest at least 80% of its total assets in dividend-paying equity securities of companies in the utility industry and the infrastructure industry. The utility industry is defined to include the following sectors: electric, gas, water, telecommunications, and midstream energy. The infrastructure industry is defined as companies owning or operating essential transportation assets, such as toll roads, bridges, tunnels, airports, seaports, and railroads.
Under normal market conditions, the Fund will invest no more than 60% of its total assets in any one of the five utility sectors. No more than 20% of the Fund’s total assets will be invested in securities of midstream energy companies that are not regulated by a governmental agency. In addition, under normal circumstances, the Fund will invest no more than 10% of its total assets in securities of any single issuer. No more than 15% of the Fund’s total assets will be invested in issuers located in “emerging market” countries.
Company profile
Ticker
DPG
Exchange
CEO
Nathan Ivey Partain
Employees
Location
Fiscal year end
Former names
Duff & Phelps Global Utility & Midstream Energy Income Fund Inc., Duff & Phelps Global Utility Income Fund Inc.
SEC CIK
IRS number
452261437
DPG stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
24 Jan 24
N-CEN
Annual report (registered investment company)
12 Jan 24
N-CSR
Certified annual shareholder report (management investment company)
21 Dec 23
N-PX
Annual report of proxy voting record
3 Aug 23
N-CSRS
Certified semi-annual shareholder report (management investment company)
23 Jun 23
CORRESP
Correspondence with SEC
28 Feb 23
N-CEN
Annual report (registered investment company)
17 Jan 23
DEF 14A
Definitive proxy
13 Jan 23
N-CSR
Certified annual shareholder report (management investment company)
6 Jan 23
N-PX
Annual report of proxy voting record
6 Sep 22
Latest ownership filings
NPORT-P
Duff & Phelps Utility & Infrastructure Fund Inc. (Oct 2023 report)
28 Dec 23
NPORT-P
Duff & Phelps Utility & Infrastructure Fund Inc. (Jul 2023 report)
25 Sep 23
4
David D Jr. Grumhaus
31 Jul 23
4
Change in insider ownership
18 Jul 23
NPORT-P
Duff & Phelps Utility & Infrastructure Fund Inc. (Apr 2023 report)
22 Jun 23
4
DANIEL PETRISKO
20 Jun 23
4
David D Jr. Grumhaus
16 Jun 23
4
Eric Elvekrog
16 Jun 23
4
Mareile B. Cusack
28 Apr 23
NPORT-P
Duff & Phelps Utility & Infrastructure Fund Inc. (Jan 2023 report)
22 Mar 23
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Duff & Phelps Utility & Infrastructure Fund Inc. | – | -6.54 | -5.50 | 0.10 | 540.82 mm | 48 | Oct 2023 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Jul 23 | Grumhaus David D Jr. | Common Stock | Buy | Acquire P | No | No | 10.01 | 2,500 | 25.03 k | 5,000 |
14 Jul 23 | MetLife Investment Management | Series C Mandatory Redeemable Preferred Shares | Other | Dispose J | Yes | No | 0 | 30,000 | 0.00 | 210,000 |
14 Jul 23 | MetLife Investment Management | Series C Mandatory Redeemable Preferred Shares | Other | Dispose J | Yes | No | 0 | 74,000 | 0.00 | 518,000 |
14 Jul 23 | MetLife Investment Management | Series C Mandatory Redeemable Preferred Shares | Other | Dispose J | Yes | No | 0 | 17,500 | 0.00 | 122,500 |
14 Jul 23 | MetLife Investment Management | Series C Mandatory Redeemable Preferred Shares | Other | Dispose J | Yes | No | 0 | 78,500 | 0.00 | 549,500 |
20 Jun 23 | Daniel Petrisko | Common Stock | Buy | Acquire P | No | No | 9.8151 | 450 | 4.42 k | 2,471 |
16 Jun 23 | Grumhaus David D Jr. | Common Stock | Buy | Acquire P | No | No | 10.08 | 2,500 | 25.20 k | 2,500 |
16 Jun 23 | Eric Elvekrog | Common Stock | Buy | Acquire P | No | No | 10.07 | 3,000 | 30.21 k | 16,200 |