DNP SELECT INCOME FUND INC. Section 19(a) Notice
- The estimated distribution amount per share of common stock is $0.065 for September 2023.
- The distribution sources include net investment income, net realized long-term capital gains, and return of capital.
- The average annual total return on NAV for the past 5 years is 5.97%.
- None.
Notification of Sources of Distribution Distribution Period |
September 2023 |
|
Distribution Amount Per Share of Common Stock |
|
|
The following table sets forth the estimated amounts of the current distribution, payable October 10, 2023 to shareholders of record September 29, 2023, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to October 31, 2023. All amounts are expressed per share of common stock based on
Distribution Estimates |
September 2023 |
Fiscal YTD |
||||||
Sources |
Per Share Amount |
% of Current Distribution |
Per Share Amount |
% of Cumulative Distributions |
||||
Net Investment Income |
$ |
0.012 |
19 |
% |
$ |
0.157 |
22 |
% |
Net Realized Short-Term Capital Gains |
|
- |
- |
|
|
- |
- |
|
Net Realized Long-Term Capital Gains |
|
0.019 |
29 |
% |
|
0.358 |
50 |
% |
Return of Capital (or Other Capital Source) |
|
0.034 |
52 |
% |
|
0.200 |
28 |
% |
Total (per common share) |
$ |
0.065 |
100 |
% |
$ |
0.715 |
100 |
% |
August 31, 2023 |
|
|||||||
Average annual total return* on NAV for the 5 years |
|
|
5.97 |
% |
||||
Annualized current distribution rate as a percentage of NAV |
|
|
9.81 |
% |
||||
Cumulative total return on NAV for the fiscal YTD |
|
|
-0.98 |
% |
||||
Cumulative fiscal YTD distributions as a percentage of NAV |
|
|
8.18 |
% |
||||
The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
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.
* Simple arithmetic average of each of the past five annual returns.
DNP Select Income Fund Inc. (NYSE: DNP) is a closed-end diversified investment management company. The Fund’s 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, visit the Fund’s website at www.dpimc.com/dnp or call the Fund at (800) 864-0629.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231009299143/en/
Dianna P. Wengler or Donny C. Overton
Phone: (833) 604-3163
Source: DNP Select Income Fund Inc.
FAQ
What is the distribution amount per share of common stock for September 2023?
What are the distribution sources?
What is the average annual total return on NAV for the past 5 years?
