DNP SELECT INCOME FUND INC. Section 19(a) Notice

Rhea-AI Summary

Chicago-based company XYZ Inc. (XYZ) announces the sources of distribution for November 2023, with an estimated distribution amount of $0.065 per share of common stock. The distribution is payable on December 11, 2023, to shareholders of record as of November 30, 2023. The sources of distribution include net investment income, net realized short-term and long-term capital gains, and return of capital. The company also provides information on the average annual total return, annualized current distribution rate, and cumulative total return on net asset value (NAV) for the fiscal year-to-date.

CHICAGO--(BUSINESS WIRE)--

Notification of Sources of Distribution Distribution Period	November 2023
Distribution Amount Per Share of Common Stock	$0.065

The following table sets forth the estimated amounts of the current distribution, payable December 11, 2023 to shareholders of record November 30, 2023, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Distribution Estimates	November 2023						Fiscal YTD
Sources	Per Share Amount			% of Current Distribution			Per Share Amount			% of Cumulative Distributions
Net Investment Income	$	0.023			36	%	$	0.023			36	%
Net Realized Short-Term Capital Gains		0.001			1	%		0.001			1	%
Net Realized Long-Term Capital Gains		0.040			61	%		0.040			61	%
Return of Capital (or Other Capital Source)		0.001			2	%		0.001			2	%
Total (per common share)	$	0.065			100	%	$	0.065			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/20231208355463/en/

Dianna P. Wengler or Donny C. Overton

(833) 604-3163

Source: DNP Select Income Fund Inc.

FAQ

What is the distribution amount per share for November 2023 for XYZ Inc. (XYZ)?

The distribution amount per share for November 2023 for XYZ Inc. (XYZ) is $0.065.

When is the distribution payable for November 2023 for XYZ Inc. (XYZ)?

The distribution for November 2023 for XYZ Inc. (XYZ) is payable on December 11, 2023, to shareholders of record as of November 30, 2023.

What are the sources of distribution for November 2023 for XYZ Inc. (XYZ)?

The sources of distribution for November 2023 for XYZ Inc. (XYZ) include net investment income, net realized short-term and long-term capital gains, and return of capital.

What is the average annual total return on NAV for the 5 years for XYZ Inc. (XYZ)?

The average annual total return on net asset value (NAV) for the 5 years for XYZ Inc. (XYZ) is 5.97%.

What is the annualized current distribution rate as a percentage of NAV for XYZ Inc. (XYZ)?

The annualized current distribution rate as a percentage of net asset value (NAV) for XYZ Inc. (XYZ) is 9.81%.

What is the cumulative total return on NAV for the fiscal year-to-date for XYZ Inc. (XYZ)?

The cumulative total return on net asset value (NAV) for the fiscal year-to-date for XYZ Inc. (XYZ) is -0.98%.

What are the cumulative fiscal year-to-date distributions as a percentage of NAV for XYZ Inc. (XYZ)?

The cumulative fiscal year-to-date distributions as a percentage of net asset value (NAV) for XYZ Inc. (XYZ) is 8.18%.