Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution - Section 19(a) Notice

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) recently announced its monthly distribution of $0.07 per share, effective for January 2026. This distribution is part of the managed distribution plan that the Fund adopted in 2015, wherein it commits to distribute all available investment income to shareholders. In circumstances where investment income is insufficient, the Fund may utilize realized capital gains or return capital to maintain its distribution level.

For January 2026, the estimated distribution sources include approximately 14.3% from net investment income, 35.7% from net realized short-term capital gains, and 50% from net realized long-term capital gains. It’s vital to note that there are no returns of capital anticipated in this distribution. For the fiscal year commencing November 1, 2025, the Fund's cumulative distributions total $0.210 per share, with similar breakdowns across income sources.

As of December 31, 2025, the Fund reported a 5-year average annual total return on NAV of 10.68%, with current distributions yielding an annualized rate of 5.92% based on NAV. It also noted a cumulative total return on NAV for the fiscal year of 0.43%.

Investors should stay informed, as the Fund will issue a comprehensive 19(a) notice with each distribution using the latest financial data available. It's crucial for shareholders to understand that the amounts reported are estimates and may not represent the final figures for tax reporting; actual tax-related amounts will be communicated through Form 1099-DIV after the close of the calendar year.

Duff & Phelps, established in 1932, focuses on delivering high current income through investments in utilities and infrastructure sectors, aiming for both regular income and capital appreciation. For more information, shareholders can reach out to their services or visit the Fund's website.

The Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) presents a compelling investment opportunity, particularly given its structured distribution model and focus on utilities and infrastructure. The Fund's recent announcement of a monthly distribution of $0.07 per share as of January 2026 reaffirms its commitment to providing consistent returns to shareholders.

One notable aspect of DPG's managed distribution plan, implemented in 2015, is its flexibility in sourcing distributions. While approximately 14.3% of the January distribution derives from net investment income, a substantial 85.7% comes from realized capital gains, indicating a robust underlying asset performance. This diversification of income sources is crucial for investors, particularly in a market where fluctuations in net investment income can occur.

The Fund's average annual total return on net asset value (NAV) over the past five years stands at an impressive 10.68%, coupled with a current distribution rate of 5.92%. Investors should be aware, however, of the relatively low cumulative total return for the fiscal year at 0.43%, which highlights a potential short-term volatility in performance. Yet, this volatility can create opportunities for investors seeking to capitalize on market inefficiencies.

For income-focused investors, DPG's emphasis on tax-advantaged dividend income is particularly appealing, given the current market landscape where interest rates remain relatively low. As the Fund allocates a minimum of 80% of its assets towards dividend-paying equities in the utility and infrastructure sectors, it positions itself favorably against peers.

In conclusion, while investors should maintain awareness of the Fund's distribution strategy and market conditions, DPG offers a solid foundation for those seeking stable income and potential capital appreciation within the utility and infrastructure sectors. Prudence in monitoring changing market dynamics will be essential for maximizing returns.