Duff & Phelps Utility and Infrastructure Fund Inc. Redeems Remaining Floating Rate Mandatory Redeemable Preferred Shares, Series C and Issues Floating Rate Mandatory Redeemable Preferred Shares, Series D
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
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Should l Buy VRTS?
Source: Newsfilter
Redemption of Preferred Shares: Duff & Phelps Utility and Infrastructure Fund Inc. has voluntarily redeemed its remaining 1,400,000 Series C Floating Rate Mandatory Redeemable Preferred Shares at a liquidation preference of $25.00 per share, funded by issuing 1,000,000 Series D shares and borrowing $10 million from its credit facility.
Investment Strategy Overview: The fund aims for total return primarily through high current income from dividend-paying equity securities in the utility and infrastructure sectors, investing at least 80% of its assets in these areas to achieve growth and capital appreciation.
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Analyst Views on VRTS
Wall Street analysts forecast VRTS stock price to rise
4 Analyst Rating
1 Buy
1 Hold
2 Sell
Hold
Current: 139.720
Low
158.00
Averages
181.00
High
218.00
Current: 139.720
Low
158.00
Averages
181.00
High
218.00
About VRTS
Virtus Investment Partners, Inc. provides investment management and related services to institutions and individuals. It offers investment strategies for institutional and individual investors in different investment products and through multiple distribution channels. It provides various asset classes (equity, fixed income, multi-asset and alternatives), geographies (domestic, global, international and emerging), market capitalizations (large, mid and small), styles (growth, core and value) and investment approaches (fundamental and quantitative). Its retail products include open-end funds, closed-end funds and retail separate accounts. Its institutional products are offered to a variety of institutional clients through institutional separate accounts and commingled accounts, including sub advisory services to other investment advisers and its sponsored structured products. Its institutional products are marketed through relationships with consultants as well as directly to clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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