On February 12, 2020, Karpus Investment Management announced that it has alerted the United States Securities and Exchange Commission of misleading statements made by Daniel J. Petrisko, the Chief Investment Officer of Duff & Phelps Utility and Corporate Bond Trust Inc., in a February 7, 2020 letter to the Company shareholders in connection with the upcoming annual meeting of shareholders scheduled to be held on March 24, 2020.