Donald Burke - DUC Independent Director

Donald Burke is Portfolio Manager at DUC
Mr. Donald C. Burke, CPA is an Independent Director of the Company since 2014. He is Retired since 2009. He served as President and Chief Executive Officer, BlackRock U.S. Funds 20072009 Managing Director, BlackRock, Inc. 20062009 Managing Director, Merrill Lynch Investment Managers 19902006 Director, Avista Corporationration Trustee, Goldman Sachs Fund Complex 20102014 Director, BlackRock Luxembourg and Cayman Funds 20062010
Age 59
Tenure 10 years
Phone312-263-2610
Webhttp://www.ducfund.com
Burke was selected to serve on the Board because of his extensive experience with mutual funds, including as president and Chief Executive Officer of a major fund complex, and subsequently as an independent trustee of another major fund complex, and because of his knowledge of the utility industry derived from his service on the board of a public company involved in the production, transmission and distribution of energy.

DUC Management Efficiency

The company has Return on Asset of 1.6 % which means that on every $100 spent on assets, it made $1.6 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 5.64 %, implying that it generated $5.64 on every 100 dollars invested. DUC's management efficiency ratios could be used to measure how well DUC manages its routine affairs as well as how well it operates its assets and liabilities.
DUC has 105 M in debt with debt to equity (D/E) ratio of 0.4, which is OK given its current industry classification. DUC has a current ratio of 31.48, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist DUC until it has trouble settling it off, either with new capital or with free cash flow. So, DUC's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like DUC sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for DUC to invest in growth at high rates of return. When we think about DUC's use of debt, we should always consider it together with cash and equity.

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Duff Phelps Utility and Corporate Bond Trust, Inc. is a close ended fixed income mutual fund launched by Virtus Investment Partners, Inc. Duff Phelps Utility and Corporate Bond Trust, Inc. was formed in January, 1993 and is based in Chicago, Illinois. Duff Phelps operates under Asset Management classification in the United States and is traded on New York Stock Exchange. DUC [DUC] is traded in USA and was established null.

Management Performance

DUC Money Managers

Robert Genetski, Independent Director
Nathan Partain, President, Chief Executive Officer, Director
Geraldine McNamara, Independent Director
Philip McLoughlin, Independent Director
Dianna Wengler, Vice President, Assistant Secretary
Donald Burke, Independent Director
Joyce Riegel, Chief Compliance Officer and Sr. Managing Director
Eileen Moran, Independent Vice Chairman of the Board
Alan Meder, Principal Financial Officer, Principal Accounting Officer, Treasurer, Assistant Secretary
David Vitale, Independent Chairman of the Board
William Renahan, Vice President Secretary
Daniel Petrisko, Senior Vice President, Chief Investment Officer, Assistant Secretary

DUC Etf Performance Indicators

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