DNP Select Income Fund Announces Dividends and Sources of Distribution
- None.
- None.
Cents Per Share |
Ex-Dividend Date |
Record Date |
Payable Date |
6.5 |
October 30, 2023 |
October 31, 2023 |
November 10, 2023 |
6.5 |
November 29, 2023 |
November 30, 2023 |
December 11, 2023 |
6.5 |
December 28, 2023 |
December 29, 2023 |
January 10, 2024 |
The Fund adopted a Managed Distribution Plan (the “Plan”) in 2007 to maintain its current
The following table sets forth the estimated amounts of the Fund’s current monthly distribution, paid on September 11, 2023, together with the cumulative distributions paid this fiscal year to date from the following sources. The fiscal year is from November 1, 2022 to October 31, 2023. All amounts are expressed per share of common stock based on
Notification of Sources of Distribution
|
||||
Distribution Estimates |
August 2023 |
Fiscal YTD |
||
|
Per Share
|
% of Current
|
Per Share
|
% of
|
Net Investment Income |
|
|
|
|
Net Realized Short-Term Capital Gains |
- |
- |
- |
- |
Net Realized Long-Term Capital Gains |
0.053 |
|
0.345 |
|
Return of Capital (or Other Capital Source) |
- |
- |
0.162 |
|
Total (per common share) |
|
|
|
|
May 31, 2023 |
|
Average annual total return* on NAV for the 5 years ended |
|
Annualized current distribution rate as a percentage of NAV |
|
Cumulative total return on NAV for the fiscal YTD |
- |
Cumulative fiscal year distributions as a percentage of NAV |
|
* Simple arithmetic average of each of the past five annual returns.
You should not necessarily draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the Fund’s Plan.
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available.
About the Fund
DNP Select Income Fund Inc. is a closed-end diversified investment management company whose primary investment objectives are current income and long-term growth of income. The fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. For more information, please visit dpimc.com/dnp or call (800) 864-0629.
About the Investment Adviser
Duff & Phelps Investment Management Co,. an affiliated manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include
View source version on businesswire.com: https://www.businesswire.com/news/home/20230921201192/en/
Dianna P. Wengler, Donny C. Overton or Clayton J. Minor, (833) 604-3163
Source: DNP Select Income Fund Inc.