CHICAGO, June 30, 2015 /PRNewswire/ -- Duff & Phelps Global Utility Income Fund Inc. (NYSE: DPG) declared a distribution of $0.35 per share to shareholders of record at the close of business on June 15, 2015 (ex-date June 11, 2015).
The following table sets forth the estimated amounts of the Fund's June quarterly distribution, payable June 30, 2015, together with the cumulative distributions paid this fiscal year to date from the following sources. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
|
Distribution Estimates
|
June 2015 (QTD)
|
Year-to-date (YTD)
|
|
(Sources)
|
Per Share
Amount
|
% of Current Distribution
|
Per Share Amount
|
% of
Cumulative Distributions
|
|
Net Investment Income
|
$ 0.232
|
66.3%
|
$ 0.515
|
49.1%
|
|
Net Realized Short-Term Capital Gains
|
-
|
-
|
-
|
-
|
|
Net Realized Long-Term Capital Gains
|
0.118
|
33.7%
|
0.535
|
50.9%
|
|
Return of Capital (or other Capital Source)
|
-
|
-
|
-
|
-
|
|
Total
|
$ 0.350
|
100.0%
|
$ 1.050
|
100.0%
|
|
May 29, 2015
|
|
|
Average annual total return on NAV since inception (1)
|
11.52%
|
|
Annualized current distribution rate as a percentage of NAV
|
6.21%
|
|
Cumulative total return on NAV for the fiscal year
|
-4.63%
|
|
Cumulative fiscal year distributions as a percentage of NAV
|
3.11%
|
|
(1)
|
Average annual total return on NAV is the annual compound return from the commencement of the Fund's operations on July 29, 2011. It reflects the change in the Fund's NAV and reinvestment of all distributions.
|
|
|
|
You should not draw any conclusions about the Fund's investment performance from the amount of these distributions or from the terms of the Fund's managed distribution plan.
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
About the Fund
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 these objectives by investing in equities of domestic and foreign utility companies in the electric, gas, water, telecommunications, and midstream energy sectors. For more information, please contact shareholder services at (866) 270-7598, by email at duff@virtus.com, or visit the DPG website, www.dpgfund.com.
About the Investment Adviser
Duff & Phelps Investment Management Co. is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset manager with $54.8 billion under management as of March 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.
Logo- http://photos.prnewswire.com/prnh/20121031/NE03346LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/duff--phelps-global-utility-income-fund-discloses-sources-of-distribution----section-19a-notice-300107066.html
SOURCE Virtus Investment Partners, Inc.