CHICAGO, March 17, 2020 /PRNewswire/ -- The Board of
Directors of Duff & Phelps Utility and Corporate Bond Trust
Inc. (NYSE: DUC), a closed-end fund advised by Duff & Phelps
Investment Management Co., today announced that in light of ongoing
concerns related to the spread of COVID-19, and in order to
mitigate potential risks to the health and safety of its
shareholders, directors and advisory and administrative personnel,
the fund will be postponing its annual meeting of shareholders from
Tuesday, March 24, 2020 to
Tuesday, April 14, 2020, at
9:00 a.m., Central Time. The
December 27, 2019 record date for
determining shareholders entitled to vote remains unchanged.
For the same reasons, the rescheduled annual meeting will be a
"virtual" meeting, conducted solely by means of remote
communication, as authorized by the General Corporation Law of the
State of Maryland, the fund's
jurisdiction of incorporation. Participation in the annual
meeting by the means of remote communication set forth in the
forthcoming notice to shareholders will constitute presence in
person at the meeting. Shareholders who have not yet voted on
the matters before the meeting by submitting their proxies are
encouraged to do so.
These changes, made out of an abundance of caution, are intended
to reduce potential risks associated with larger gatherings and
travel.
About the Fund
Duff & Phelps Utility and Corporate Bond Trust Inc. is a
closed-end diversified investment management company whose primary
investment objective is high current income consistent with
investing in securities of investment grade quality. The fund
seeks to achieve its objectives by investing substantially all of
its assets in a diversified portfolio of utility income securities,
corporate income securities, mortgage-backed securities and
asset-backed securities. For more information, visit
www.dpimc.com/duc or call (800) 338-8214.
About the Investment Adviser
Duff & Phelps Investment Management Co. has more than 40
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.
Duff & Phelps is a subsidiary of Virtus Investment Partners
(NASDAQ: VRTS), a multi-boutique asset manager with $108.9 billion under management as of
December 31, 2019. Virtus
provides investment management products and services to individuals
and institutions through a multi-manager asset management business,
comprising a number of individual affiliated managers, each with a
distinct investment style, autonomous investment process and
individual brand. Additional information can be found at
www.virtus.com.
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SOURCE Duff & Phelps Utility and Corporate Bond Trust
Inc.