Fund Description: Duff & Phelps Utility and Infrastructure Fund Inc., formerly Duff & Phelps Global Utility Income Fund Inc. is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Duff & Phelps Utility and Infrastructure Fund Inc. seeks total return, resulting primarily from (i) a high level of current income, with an emphasis on providing tax-advantaged dividend income, and (ii) growth in current income, and secondarily from capital appreciation. FUND STRATEGY: Under normal market conditions, the Fund will invest at least 80% of its total assets in dividend-paying equity securities of companies in the utility industry. Dividend-paying equity securities must be issued by companies with a market capitalization of at least $500 million at the time of purchase, except with respect to companies in the telecommunications sector, which must have a market capitalization of at least $1 billion at the time of purchase. Under normal market conditions, the Fund will invest no more than 60% of its total assets in the utility industry which includes any one of the following five sectors: electric, gas, telecommunications, water and midstream energy. No more than 20% of the Fund’s total assets will be invested in securities of midstream energy companies that are not regulated by a governmental agency. The Fund may also invest a portion of its assets in equity securities and other securities, including debt instruments, that generate income taxable at ordinary income rather than long-term capital gain rates. The Fund also intends to invest in MLPs. FUND MANAGEMENT: Duff & Phelps Investment Management Co. (DPIM) serves as the investment advisor to the Fund.