Duff & Phelps Utility and Corporate Bond Trust Inc. Announces Preliminary Results of Annual Meeting of Shareholders
DUFF PHELPS UTIL&CORP BOND (DUC)
US:NYSE Investor Relations:
ducfund.com
Company Research
Source: PR Newswire
CHICAGO, April 14, 2020 /PRNewswire/ -- Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) (the "Fund"), a closed-end fund advised by Duff & Phelps Investment Management Co., announced the preliminary results of voting at its annual meeting of shareholders today. Item 1: Election of directorsGeraldine M. McNamara and David J. Vitale were reelected as directors to serve for a term ending in 2023.Item 2: Non-binding shareholder proposal A majority of votes were cast against the non-binding shareholder proposal asking the board of directors to promptly consider authorizing a self-tender offer for all outstanding common shares of the Fund at or close to net asset value, and, if more than 50% of the Fund's outstanding shares are tendered, to cancel the tender offer and take the steps necessary to liquidate, merge or convert the Fund to an open-end mutual fund or exchange traded fund. Accordingly, the proposal did not pass.David J. Vitale, Chairman of the Fund's Board, comme
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