Welcome to our dedicated page for Duff & Phelps Utility and Infra Fund SEC filings (Ticker: DPG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG) is a closed-end investment management company that invests primarily in equities of domestic and foreign utilities and infrastructure providers. While this page focuses on the fund’s SEC filings, the available disclosures also highlight how DPG structures its distributions and communicates with shareholders through formal notices and reports.
The fund’s public communications describe a managed distribution plan adopted in 2015. Under this plan, DPG distributes all available investment income to shareholders in line with its objective of seeking total return, emphasizing tax-advantaged dividend income and growth in current income, with capital appreciation as a secondary goal. When investment income is not sufficient on a monthly basis, the fund may use realized capital gains and/or return of capital to maintain a specified monthly distribution level, and it issues Section 19(a) notices that estimate the sources of these payments.
In its notices, DPG breaks down distributions into net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital (or other capital source), and provides historical figures such as average annual total return on net asset value and distribution rates as a percentage of net asset value as of particular dates. The fund emphasizes that these figures are estimates under U.S. generally accepted accounting principles and are not intended for tax reporting, noting that shareholders receive Form 1099-DIV for federal income tax purposes.
On Stock Titan, the SEC filings page for DPG is designed to bring together the fund’s regulatory documents, such as annual and semi-annual reports and other required filings, alongside AI-powered tools that summarize and explain key elements. Users can review how the fund describes its investment objective, its focus on utility and infrastructure equity securities, the operation of its managed distribution plan, and any disclosed share repurchase programs, all within the context of its official filings and shareholder reports.
Duff & Phelps Utility & Infrastructure Fund Inc. insider trade: Vice President & Treasurer Bradley William Patrick III reported an indirect purchase of 3,250 shares of common stock on February 9, 2026 at a price of $13.806 per share. These shares are held indirectly by his spouse, bringing indirect beneficial ownership to 3,393 shares. A separate line also shows 505 shares of common stock held directly.
DNP Select Income Fund Inc., Duff & Phelps Utility and Infrastructure Fund Inc., and DTF Tax-Free Income 2028 Term Fund Inc. are calling a joint virtual-only annual shareholder meeting on March 9, 2026 at 1:00 p.m. Eastern Time. Shareholders of record as of January 2, 2026, when DNP had 376,821,218 common shares outstanding, DPG had 36,488,865 common and 1,000,000 preferred shares outstanding, and DTF had 7,029,567 common shares outstanding, may vote.
The main proposal is to elect Mareilé B. Cusack as a director of each fund for a term ending in 2029, with each fund’s shareholders voting separately. The boards unanimously recommend voting “FOR” her election. The funds estimate total meeting and solicitation costs of $250,000, allocated among them. The audit committee has also approved a change of independent auditor to PricewaterhouseCoopers LLP for the fiscal year ending October 31, 2026, following Ernst & Young LLP, with no reported disagreements on accounting or auditing matters.
Duff & Phelps Utility and Infrastructure Fund Inc. reports strong results for the year ended October 31, 2025, while continuing its managed monthly distribution of $0.07 per share. The 7.0 cent monthly rate equals $0.84 annualized, which is 6.5% of the October 31, 2025 closing market price of $13.00 per share.
On a net asset value basis, the Fund delivered a total return of 18.8% for the year, and a 21.5% total return on market value, compared with a 16.1% total return for its Composite Index. Five-year annualized total return was 13.3% on NAV and 15.5% on market value, versus 14.5% for the Composite Index on the same period.
Net assets applicable to common stock were $523.5 million with a NAV of $14.28 per share. The portfolio is heavily tilted to electric, gas and water utilities and related infrastructure, and uses leverage through $135 million of secured borrowings and $25 million of floating rate mandatory redeemable preferred shares, representing about 23% of total assets. During the year, the Fund repurchased 68,336 shares at an average price of $12.91, contributing to NAV accretion.
David D. Grumhaus Jr., President and CEO of Duff & Phelps Investment Management Co., reported an open-market purchase of 1,200 shares of Duff & Phelps Utility & Infrastructure Fund Inc. (DPG) on 08/25/2025 at $12.77 per share. After the purchase, he beneficially owned 11,612 shares directly. The filing notes 535 shares were acquired since his last Form 4 through a dividend reinvestment plan that complies with Rule 16a-11, with 912 shares held through that plan in total. The Form 4 was signed on 08/26/2025.
Mark G. Kahrer, associated with Duff & Phelps Investment Management Co., reported a personal purchase of 1,000 shares of Duff & Phelps Utility & Infrastructure Fund Inc. (DPG) on 08/15/2025 at a price of $12.6894 per share, leaving him with 1,000 shares owned directly. The Form 4 was signed and dated 08/18/2025.