The Board of Directors of Duff & Phelps Utility and Corporate Bond Trust Inc. authorized the payment of dividends on the Fund's common stock as follows: The Board of Directors determined that the Fund's monthly dividend payable on April 30, 2020, May 29, 2020 and June 30, 2020 will be in the amount of 5.0 cents per share. The ex-dividend dates of April 14, 2020, May 14, 2020 and June 12, 2020. The record dates of April 15, 2020, May 15, 2020 and June 15, 2020.