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Stock impact report

Duff & Phelps Utility And Corporate Bond Trust Inc. Announces Dividends And A 43% Increase In Its Current Distribution Rate

DUFF PHELPS UTIL&CORP BOND (DUC) 
US:NYSE Investor Relations: ducfund.com
Company Research Source: PR Newswire
CHICAGO, Dec. 19, 2019 /PRNewswire/ -- On December 19, 2019, the Board of Directors of Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) (the "Fund"), a closed-end fund advised by Duff & Phelps Investment Management Co., authorized the payment of dividends on the Fund's common stock as follows:Cents Per ShareEx-Dividend DateRecord DatePayable Date5.0January 14, 2020January 15, 2020January 31, 20205.0February 14, 2020February 18, 2020February 28, 20205.0March 13, 2020March 16, 2020March 31, 2020The Board of Directors determined that the Fund's monthly dividend payable January 31, 2020, February 28, 2020 and March 31, 2020 will be in the amount of 5.0 cents per share.  This dividend rate represents an increase of 1.5 cents per share and 43% from the previous 3.5 cent per share monthly distribution rate.  This new dividend rate is subject to re-evaluation as the interest rate and credit environment changes.  The Fund's adviser will continue to closely monitor the markets in Show less Read more
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