Karpus Investment Management Seeks SEC Action Regarding Duff & Phelps Utility and Corporate Bond Trust's Violation of Federal Securities Laws
DUFF PHELPS UTIL&CORP BOND (DUC)
US:NYSE Investor Relations:
ducfund.com
Company Research
Source: PR Newswire
PITTSFORD, N.Y., Feb. 12, 2020 /PRNewswire/ -- Karpus Investment Management ("Karpus") announced today that it has alerted the United States Securities and Exchange Commission of misleading statements made by Daniel J. Petrisko, the Chief Investment Officer of Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) ("DUC"), in a February 7, 2020 letter to DUC shareholders in connection with the upcoming Annual Meeting of Shareholders (the "Annual Meeting") scheduled to be held on March 24, 2020. "DUC made several misleading statements in violation of Federal securities laws, including Rule 14a-9 of the Securities Exchange Act of 1934," said Brett D. Gardner, Senior Corporate Governance Analyst at Karpus. "It is deeply troubling that DUC has made numerous improper statements that prematurely predict the results of the upcoming shareholder vote in an apparent attempt to manipulate the outcome of the election by effectively tilting the playing field in its favor at the expense o
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