SCHEDULE 13G: MetLife Investment Management Discloses 100% Beneficial Ownership of Duff & Phelps Preferred Shares

MetLife Investment Management, LLC has reported 100% beneficial ownership of Duff & Phelps Utility & Infrastructure Fund Inc.'s Series D Mandatory Redeemable Preferred Shares as of May 31, 2025.

Summary

• MetLife Investment Management, LLC (the "Reporting Person") has filed a Schedule 13G, indicating its beneficial ownership in Duff & Phelps Utility & Infrastructure Fund Inc.
• The filing pertains to the Series D Mandatory Redeemable Preferred Shares of Duff & Phelps Utility & Infrastructure Fund Inc.
• As of May 31, 2025, MetLife Investment Management, LLC beneficially owns 1,000,000 Series D Mandatory Redeemable Preferred Shares.
• This ownership represents 100% of the total outstanding Series D Mandatory Redeemable Preferred Shares.
• The Reporting Person holds sole voting power and sole dispositive power over all 1,000,000 shares.
• MetLife Investment Management, LLC is classified as an Investment Adviser (IA) for the purpose of this filing.
• The shares are managed by the Reporting Person on behalf of Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing (Schedule 13G) reporting beneficial ownership. It does not contain subjective language or performance metrics that would indicate a positive or negative sentiment. The sentiment is neutral as it is purely informational.

Future Outlook

This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's financial performance or strategic outlook.

Industry Context

This Schedule 13G filing is a standard regulatory disclosure by an institutional investor, MetLife Investment Management, LLC, to report its significant beneficial ownership stake in a specific class of securities of a publicly traded fund. Such filings provide transparency into the ownership structure of companies and are routinely monitored by market participants to understand institutional holdings and potential influence.

Related Party Transactions

• MetLife Investment Management, LLC manages the Series D Mandatory Redeemable Preferred Shares on behalf of Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company, indicating an internal or affiliated relationship within the broader MetLife corporate structure.

Stakeholder Impact

• For Duff & Phelps Utility & Infrastructure Fund Inc., the 100% ownership of its Series D Mandatory Redeemable Preferred Shares by a single entity, MetLife Investment Management, LLC, means that this entity holds complete control over the voting and disposition rights associated with this specific class of shares.
• This concentration of ownership in preferred shares could provide stability to the fund's capital structure from the perspective of the issuer, as a large, single institutional holder may imply a long-term investment horizon.
• Other shareholders, particularly common shareholders, should be aware of the implications of a single entity controlling an entire class of preferred shares, as preferred shares typically have specific rights (e.g., dividend priority, liquidation preference) that can impact common equity holders.

Key Dates

Keywords

MetLife Investment Management, Duff & Phelps Utility & Infrastructure Fund, Schedule 13G, Beneficial Ownership, Preferred Shares, Series D Mandatory Redeemable Preferred Shares, Investment Adviser, SEC Filing, Institutional Ownership