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Duff & Phelps closed-end funds elect Donald C Burke as independent director

Wed, 30/07/2014 - 15:30

The board of directors of each of DNP Select Income Fund, Duff & Phelps Global Utility Income Fund, Duff & Phelps Utility and Corporate Bond Trust, and DTF Tax-Free Income have elected Donald C Burke to fill the vacancy created by the retirement of independent director Nancy Lampton.

Burke, age 53, currently serves as an independent director of Avista Corp, a US energy company that generates and transmits electricity, and distributes natural gas. Burke previously served as trustee for the Goldman Sachs mutual fund complex.
 
Prior to assuming those roles, Burke was a managing director for BlackRock and served as the president and chief executive officer of the BlackRock US mutual funds.
 
In addition, Burke has held a number of positions with Merrill Lynch Investment Managers including managing director, chief financial officer and treasurer, and director of taxation. Burke also has held positions at accounting firm Deloitte & Touche.


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