PR Newswire | Sep 16, 2020 05:00PM EDT

09/16 16:00 CDT

Duff & Phelps Closed-End Funds Announce Dividends CHICAGO, Sept. 16, 2020

CHICAGO, Sept. 16, 2020 /PRNewswire/ -- The Board of Directors of Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) and DTF Tax-Free Income Inc. (NYSE: DTF), two closed-end funds advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on each fund's common stock as follows:

Duff & Phelps Utility and Corporate Bond Trust Inc.

Cents Per Share Ex-Dividend Date Record Date Payable Date

5.0 October 14, 2020 October 15, 2020 October 30, 2020

5.0 November 13, 2020 November 16, 2020 November 30, 2020

5.0 December 14, 2020 December 15, 2020 December 31, 2020

DTF Tax-Free Income Inc.

Cents Per Share Ex-Dividend Date Record Date Payable Date

4.0 October 14, 2020 October 15, 2020 October 30, 2020

4.0 November 13, 2020 November 16, 2020 November 30, 2020

4.0 December 14, 2020 December 15, 2020 December 31, 2020

About the Funds

Duff & Phelps Utility and Corporate Bond Trust Inc. is a closed-end diversified investment management company whose primary investment objective is high current income consistent with investing in securities of investment grade quality. The fund seeks to achieve its objectives by investing substantially all of its assets in a diversified portfolio of utility income securities, corporate income securities, mortgage-backed securities and asset-backed securities. For more information, please visit www.dpimc.com/duc or call (800) 338-8214.

DTF Tax-Free Income Inc. is a closed-end diversified investment management company whose investment objective is current income exempt from regular federal income tax consistent with preservation of capital. The fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations. For more information, please visit www.dpimc.com/dtf or call (800) 338-8214.

About the Investment Adviser

Duff & Phelps Investment Management Co. has more than 40 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure and real estate investment trusts (REITs). For more information, visit www.dpimc.com.

Duff & Phelps is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset manager with $108.5 billion under management as of June 30, 2020. Virtus provides investment management products and services to individuals and institutions through a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. Additional information can be found at www.virtus.com.

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SOURCE Duff & Phelps Utility and Corporate Bond Trust Inc.; DTF Tax-Free Income Inc.