Insight Select Income Fund Declares Quarterly Dividend

Rhea-AI Summary

Insight Select Income Fund (NYSE: INSI) announced a quarterly dividend of $0.20 per share, payable on July 25, 2024. Shareholders on record by July 10, 2024, with an ex-dividend date of July 9, 2024, will receive the payout. The total annual dividend from the past four quarters equates to $0.80 per share. The Fund aims to achieve high returns through interest income and trading activities, focusing on debt securities. Managed by Insight North America , the Fund targets both income generation and capital appreciation by purchasing undervalued debt securities. Note that the distribution may include non-income sources, such as a return of capital. Investors will receive detailed tax information post-year-end.

Positive

• Declared a quarterly dividend of $0.20 per share.
• Total annual dividend of $0.80 per share from the last four quarters.
• Focus on high returns through interest income and trading activities.
• Capital appreciation strategy by buying undervalued debt securities.

Negative

• A portion of the distribution may include a return of capital, which isn't income or gains.
• Not all distributions are from net investment income.

NEW YORK--(BUSINESS WIRE)-- Insight Select Income Fund (NYSE: INSI):

Dividend Declaration

The Insight Select Income Fund (INSI) (the “Fund”) today declared a quarterly dividend of $0.20 on June 20, 2024. The total distribution of $0.20 will be payable on July 25, 2024, to shareholders of record at the close of business on July 10, 2024, with an ex-dividend date of July 09, 2024.

The Fund’s last four quarterly dividend payments from ordinary income equates to approximately $0.80 per share.

For more information on the Fund, please visit the Fund’s website at: https://www.insightinvestment.com/united-states/solutions/fixed-income/select-income/insight-select-income-fund/

The Fund is a diversified closed-end management investment company whose investment objective is to seek a high rate of return, primarily from interest income and trading activity, from a portfolio principally consisting of debt securities. The Fund will also seek capital appreciation principally by purchasing debt securities at prices that the Adviser believes are below their intrinsic value. The Fund will also look to benefit from trading securities to optimize the risk adjusted yields in the Fund. Insight North America LLC, the Fund’s investment adviser, provides fixed income asset management to a variety of institutional clients including corporations, governmental entities, employee benefit plans, private funds and registered investment companies.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distribution that have been declared by the Board of Trustees. A portion of the Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, as amended, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240620096233/en/

Vested

Eric Hazard

917-765-8720

insight@fullyvested.com

Source: Insight Select Income Fund

FAQ

What is the dividend declared by Insight Select Income Fund (INSI) for June 2024?

Insight Select Income Fund declared a quarterly dividend of $0.20 per share for June 2024.

When will the Insight Select Income Fund (INSI) dividend be paid?

The dividend will be paid on July 25, 2024.

What is the record date for the Insight Select Income Fund (INSI) dividend?

The record date for the dividend is July 10, 2024.

What is the ex-dividend date for Insight Select Income Fund (INSI) for the July 2024 payout?

The ex-dividend date is July 9, 2024.

How much has Insight Select Income Fund (INSI) paid in dividends over the last four quarters?

Insight Select Income Fund has paid a total of $0.80 per share in dividends over the last four quarters.

What is the investment strategy of Insight Select Income Fund (INSI)?

The Fund aims for high returns from interest income and trading activities, mainly investing in debt securities and seeking capital appreciation by buying undervalued securities.

Who manages the Insight Select Income Fund (INSI)?

Insight Select Income Fund is managed by Insight North America

Could Insight Select Income Fund (INSI) distributions include sources other than net investment income?

Yes, the distribution may include sources other than net investment income, such as a return of capital.