Duff & Phelps Utility and Infrastructure Fund Inc. has announced the redemption of its remaining 1,400,000 Floating Rate Mandatory Redeemable Preferred Shares, Series C, at a liquidation preference of $25.00 per share. The fund also issued new Floating Rate Mandatory Redeemable Preferred Shares, Series D. This restructuring is part of the fund's strategy to manage leverage effectively. Duff & Phelps specializes in investing primarily in equities of domestic and foreign utilities and infrastructure providers, aiming for total return through high-level current income and capital appreciation.
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