Fund Overview
Duff & Phelps Utility and Corporate Bond Trust Inc. (the "Fund"), a diversified closed-end investment company, first offered its common stock to the public in January of 1993.
Investment Objective
The Fund's investment objective is high current income consistent with investing in securities of investment grade quality. DUC utilizes a bank loan to leverage the common stockholders’ investment.
The Fund seeks to achieve its investment objective by investing substantially all of its assets in a diversified portfolio of Income Securities. As used in the Fund's prospectus, Income Securities consist of Utility Income Securities, Corporate Income Securities, Mortgage-Backed Securities and Asset-Backed Securities (each as defined in the prospectus). In normal market conditions, at least 80% of the Fund's total assets will be invested, in the aggregate, in Utility and Corporate Bonds, and at least 25% of the Fund's total assets will be invested in Utility Income Securities.
Industry Allocation as a Percentage of Total Investments2
As of 10/31/20 (Unaudited)
Summary of Ratings as a Percentage of Long-Term Investments2,3
As of 10/31/20 (Unaudited)
Resources
Dividends are currently paid monthly. Common Stockholders are automatically enrolled in the Fund's Dividend Reinvestment Plan, under which distributions of dividends and capital gains will automatically be reinvested in additional shares of Common Stock, unless an election is made to receive such distributions in cash. At the time of purchase, such an election may be made by giving written notice to the Plan Agent. Common Stockholders who intend to hold their shares through a broker or nominee should contact such broker or nominee in order to opt out of the Dividend Reinvestment Plan. For more information, contact Computershare Trust Company, N.A. at (866) 221-1681 or www.computershare.com/investor.
Dividend Distribution Information
| Declaration Date | Ex-Date | Record Date | Payable | Amount |
|---|---|---|---|---|
| 12/17/20 | 03/12/211 | 03/15/211 | 03/31/211 | $0.0501 |
| 12/17/20 | 02/12/21 | 02/16/21 | 02/26/21 | $0.050 |
| 12/17/20 | 01/14/21 | 01/15/21 | 01/29/21 | $0.050 |
| 09/16/20 | 12/14/20 | 12/15/20 | 12/31/20 | $0.050 |
| 09/16/20 | 11/13/20 | 11/16/20 | 11/30/20 | $0.050 |
| 09/16/20 | 10/14/20 | 10/15/20 | 10/30/20 | $0.050 |
| 06/11/20 | 09/14/20 | 09/15/20 | 09/30/20 | $0.050 |
| 06/11/20 | 08/14/20 | 08/17/20 | 08/31/20 | $0.050 |
| 06/11/20 | 07/14/20 | 07/15/20 | 07/31/20 | $0.050 |
| 03/09/20 | 06/12/20 | 06/15/20 | 06/30/20 | $0.050 |
| 03/09/20 | 05/14/20 | 05/15/20 | 05/29/20 | $0.050 |
| 03/09/20 | 04/14/20 | 04/15/20 | 04/30/20 | $0.050 |
| 12/19/19 | 03/13/20 | 03/16/20 | 03/31/20 | $0.050 |
| 12/19/19 | 02/14/20 | 02/18/20 | 02/28/20 | $0.050 |
| 12/19/19 | 01/14/20 | 01/15/20 | 01/31/20 | $0.050 |
| 09/19/19 | 12/13/19 | 12/16/19 | 12/31/19 | $0.035 |
| 09/19/19 | 11/14/19 | 11/15/19 | 11/29/19 | $0.035 |
| 09/19/19 | 10/11/19 | 10/15/19 | 10/31/19 | $0.035 |
| 06/13/19 | 09/13/19 | 09/16/19 | 09/30/19 | $0.035 |
| 06/13/19 | 08/14/19 | 08/15/19 | 08/30/19 | $0.035 |
| 06/13/19 | 07/12/19 | 07/15/19 | 07/31/19 | $0.035 |
| 03/12/19 | 06/14/19 | 06/17/19 | 06/28/19 | $0.035 |
| 03/12/19 | 05/14/19 | 05/15/19 | 05/31/19 | $0.035 |
| 03/12/19 | 04/12/19 | 04/15/19 | 04/30/19 | $0.035 |
| 12/13/18 | 03/14/19 | 03/15/19 | 03/29/19 | $0.035 |
| 12/13/18 | 02/14/19 | 02/15/19 | 02/28/19 | $0.035 |
| 12/13/18 | 01/14/19 | 01/15/19 | 01/31/19 | $0.035 |
| 09/13/18 | 12/14/18 | 12/17/18 | 12/31/18 | $0.035 |
| 09/13/18 | 11/14/18 | 11/15/18 | 11/30/18 | $0.035 |
| 09/13/18 | 10/12/18 | 10/15/18 | 10/31/18 | $0.035 |
| 06/14/18 | 09/14/18 | 09/17/18 | 09/28/18 | $0.035 |
| 06/14/18 | 08/14/18 | 08/15/18 | 08/31/18 | $0.035 |
| 06/14/18 | 07/13/18 | 07/16/18 | 07/31/18 | $0.035 |
| 03/13/18 | 06/14/18 | 06/15/18 | 06/29/18 | $0.035 |
| 03/13/18 | 05/14/18 | 05/15/18 | 05/31/18 | $0.035 |
| 03/13/18 | 04/13/18 | 04/16/18 | 04/30/18 | $0.035 |
| 12/14/17 | 03/14/18 | 03/15/18 | 03/29/18 | $0.035 |
| 12/14/17 | 02/14/18 | 02/15/18 | 02/28/18 | $0.035 |
| 12/14/17 | 01/12/18 | 01/16/18 | 01/31/18 | $0.035 |
| 09/19/17 | 12/14/17 | 12/15/17 | 12/29/17 | $0.050 |
| 09/19/17 | 11/14/17 | 11/15/17 | 11/30/17 | $0.050 |
| 09/19/17 | 10/13/17 | 10/16/17 | 10/31/17 | $0.050 |
| 06/15/17 | 09/14/17 | 09/15/17 | 09/29/17 | $0.050 |
| 06/15/17 | 08/11/17 | 08/15/17 | 08/31/17 | $0.050 |
| 06/15/17 | 07/13/17 | 07/17/17 | 07/31/17 | $0.050 |
| 03/14/17 | 06/13/17 | 06/15/17 | 06/30/17 | $0.050 |
| 03/14/17 | 05/11/17 | 05/15/17 | 05/31/17 | $0.050 |
| 03/14/17 | 04/12/17 | 04/17/17 | 04/28/17 | $0.050 |
| 12/15/16 | 03/13/17 | 03/15/17 | 03/31/17 | $0.050 |
| 12/15/16 | 02/13/17 | 02/15/17 | 02/28/17 | $0.050 |
| 12/15/16 | 01/12/17 | 01/17/17 | 01/31/17 | $0.050 |
| 09/15/16 | 12/13/16 | 12/15/16 | 12/30/16 | $0.050 |
| 09/15/16 | 11/10/16 | 11/15/16 | 11/30/16 | $0.050 |
| 09/15/16 | 10/13/16 | 10/17/16 | 10/31/16 | $0.050 |
1 To be paid only if previously announced merger with DNP Select Income Fund Inc. is not consummated prior to March 12, 2021. The merger announcement was made in a separate press release dated November 23, 2020.
SEC Filings
Annual and Semi-Annual Reports
Annual Report
DUC Utility and Corporate Bond Trust Annual Report 2020
DUC Utility and Corporate Bond Trust Annual Report 2019
DUC Utility and Corporate Bond Trust Annual Report 2018
DUC Utility and Corporate Bond Trust Annual Report 2017
Semi-Annual Report
DUC Utility and Corporate Bond Trust Semi-Annual Report 2020
DUC Utility and Corporate Bond Trust Semi-Annual Report 2019
DUC Utility and Corporate Bond Trust Semi-Annual Report 2018
DUC Utility and Corporate Bond Trust Semi-Annual Report 2017
DUC Utility and Corporate Bond Trust Semi-Annual Report 2016
DUC Utility and Corporate Bond Trust Semi-Annual Report 2015
SEC Section 19(a) Shareholder Notices
SEC 19(a) Shareholder Notice
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Feb 21
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jan 21
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Dec 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Nov 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Oct 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Sep 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Aug 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jul 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jun 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice May 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Apr 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Mar 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Feb 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jan 20
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Dec 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Nov 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Oct 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Sep 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Aug 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jul 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jun 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice May 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Apr 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Mar 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Feb 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jan 19
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Dec 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Nov 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Oct 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Sep 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Aug 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jul 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jun 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice May 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Apr 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Mar 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Feb 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jan 18
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Dec 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Nov 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Oct 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Sep 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Aug 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jul 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jun 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice May 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Apr 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Mar 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Feb 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jan 17
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Dec 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Nov 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Oct 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Sep 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Aug 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jul 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Jun 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice May 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Apr 16
DUC Utility and Corporate Bond Trust SEC 19(a) Notice Mar 16
Important Tax Information
Privacy Policy
Governance
Code of Business Conduct & Ethics
Code of Ethics for Chief Executive and Senior Financial Officers
Corporate Governance Guidelines
Nominating and Governance Committee Charter
Proxy Voting Policies and Procedures
Procedures for Complaints Regarding Accounting, Internal Accounting Controls or Auditing Matters
Important Risk Considerations
Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt securities may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.
Industry/Sector Concentration: A fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated fund.
Foreign Investing: Investing internationally involves additional risks such as currency, political, accounting, economic, and market risk.
No Guarantee: There is no guarantee that the portfolio will meet its objective.
Leverage: When a fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded.
Market Volatility: Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the fund and its investments, including hampering the ability of the fund's portfolio manager(s) to invest the fund's assets as intended.
This information does not represent an offer, or the solicitation of an offer, to buy or sell securities of the Fund.
1Net Asset Value vs. Market Price: Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. The net asset value returns reflect the performance of the manager. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund’s Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount (lower than) to NAV. This characteristic is a risk separate and distinct from the risk that the Fund’s net asset value could decline. The Fund has no control over the market price
2Percentages based on total investments rather than total net assets. The portfolio is actively managed and subject to change.
3The ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of a corporation’s or government’s debt issues. The ratings apply to the Fund’s holdings and not the Fund itself. The lower rating of Moody’s Investor Service, Inc. or Standard & Poor’s Financial Services LLC is used. If a particular security is rated by either Moody’s or S&P, but not both, then the single rating is used. If a particular security is not rated by either Moody’s or S&P, a rating from Fitch Ratings Ltd. is used, if available. Ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB and below are below-investment grade ratings.
