Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

Investors are undoubtedly looking for some safety considering that we have seen three bank failures in less than a week. Duff & Phelps Utility and Infrastructure Fund invest in a portfolio of utilities and infrastructure companies that should be able to provide this safety considering their inherent stability.

DPG: A Bastion Of Stability In Uncertain Times, But A Pricey One

DPG has continued to push into a higher premium after breaking into premium territory in 2021 for the first time since its inception. The fund's distribution has been steady, and although the NAV rate is elevated, I wouldn't expect a cut.

DPG: Fine Fund, High Premium

Utilities and infrastructure companies tend to make good investments during uncertain times because of their overall stability and reasonably high yields. DPG invests in a portfolio of these assets with the goal of providing its investors with a high level of current income.

DPG: Underperforming The Index But Might Make Sense If The Price Drops

Now that DPG is trading down and yields are going above 10% by a decent margin, one might want to consider it for its income and exposures. Oil and gas infrastructure, whether commodity exposed or not, are decent investments right now.

DPG: Leverage Will Be More Costly, But Income Is Stable

The Month In Closed-End Funds: October 2021

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector. It invests in stocks of companies across diversified market capitalizations. The fund was formerly known as Duff & Phelps Global Utility Income Fund Inc. Duff & Phelps Utility and Infrastructure Fund Inc. was formed on July 29, 2011 and is domiciled in the United States.