EX-99.C 4 d121916dex99c.htm REGISTRANTS NOTICE TO SHAREHOLDERS PURSUANT TO RULE 19(A)

REGISTRANTS NOTICE TO SHAREHOLDERS PURSUANT TO RULE 19(A)

Section 19(a) Notice

CHICAGO, December 31, 2015 – Duff & Phelps Global Utility Income Fund Inc. (NYSE: DPG) declared a distribution of $0.35 per share to shareholders of record at the close of business on December 15, 2015 (ex-date December 11, 2015).

The following table sets forth the estimated amounts of the Fund’s December quarterly distribution, payable December 31, 2015, together with the cumulative distributions paid this fiscal year to date from the following sources. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.

Distribution Estimates		December 2015 (QTD)								Year-to-date (YTD)
(Sources)		Per Share Amount				% of Current Distribution				Per Share Amount				% of Cumulative Distributions
Net Investment Income		$	0.132				37.7%			$	0.132			37.7%
Net Realized Short-Term Capital Gains			-				-				-			-
Net Realized Long-Term Capital Gains			0.168				48.0%				0.168			48.0%
Return of Capital (or other Capital Source)			0.050				14.3%				0.050			14.3%
Total		$	0.350				100.0%			$	0.350			100.0%
As of November 30, 2015
Average annual total return on NAV since inception (1)														5.64%
Annualized current distribution rate as a percentage of NAV														7.71%
Cumulative total return on NAV for the fiscal year														-19.96%
Cumulative fiscal year distributions as a percentage of NAV														7.71%

    (1) Average annual total return on NAV is the annual compound return from the commencement of the Fund’s operations on July 29, 2011. It reflects the change in the Fund’s NAV and reinvestment of all distributions.

You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the Fund’s managed distribution plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Section 19(a) Notice

CHICAGO, March 31, 2016 – Duff & Phelps Global Utility Income Fund Inc. (NYSE: DPG) declared a distribution of $0.35 per share to shareholders of record at the close of business on March 15, 2016 (ex-date March 11, 2016).

The following table sets forth the estimated amounts of the Fund’s March quarterly distribution, payable March 31, 2016, together with the cumulative distributions paid this fiscal year to date from the following sources. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.

Distribution Estimates		March 2016 (QTD)								Year-to-date (YTD)
(Sources)		Per Share Amount				% of Current Distribution				Per Share Amount				% of Cumulative Distributions
Net Investment Income		$	0.180				51.4%			$	0.312			44.5%
Net Realized Short-Term Capital Gains			-				-				-			-
Net Realized Long-Term Capital Gains			0.024				6.9%				0.192			27.5%
Return of Capital (or other Capital Source)			0.146				41.7%				0.196			28.0%
Total		$	0.350				100.0%			$	0.700			100.0%
As of February 29, 2016
Average annual total return on NAV since inception (1)														3.65%
Annualized current distribution rate as a percentage of NAV														8.47%
Cumulative total return on NAV for the fiscal year														-12.43%
Cumulative fiscal year distributions as a percentage of NAV														2.12%

    (1) Average annual total return on NAV is the annual compound return from the commencement of the Fund’s operations on July 29, 2011. It reflects the change in the Fund’s NAV and reinvestment of all distributions.

You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the Fund’s managed distribution plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.