Insight Select Income Fund Declares Quarterly Dividend and Capital Gains Distribution

Rhea-AI Summary

The Insight Select Income Fund (NYSE: INSI) declared a quarterly dividend of $0.20 per share, payable on December 29, 2021, to shareholders recorded by December 22, 2021, with an ex-dividend date of December 21, 2021. Over the last four quarters, total ordinary income distributions have amounted to $0.80 per share. Additionally, short-term and long-term capital gain distributions of $0.1493 and $0.1898 per share, respectively, will also be paid on the same date. The Fund aims for high returns primarily from interest income and trading of debt securities.

Positive

• Quarterly dividend of $0.20 per share indicates profitability.
• Total ordinary income distributions of $0.80 per share over the last four quarters shows consistency.
• Capital gain distributions of $0.1493 (short-term) and $0.1898 (long-term) reflect effective asset management.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Insight Select Income Fund (NYSE: INSI) (the “Fund”) today declared a quarterly dividend of $0.20 per share on December 8, 2021. The ordinary income distribution of $0.20 per share will be payable on December 29, 2021, to shareholders of record at the close of business on December 22, 2021, with an ex-dividend date of December 21, 2021.

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

In addition to the regular quarterly dividend, the Fund declared a short-term capital gain distribution of $0.1493 per share and a long-term capital gain distribution of $0.1898, payable on December 29, 2021, to shareholders of record at the close of business on December 22, 2021, with an ex-dividend date of December 21, 2021. These capital gain distribution amounts are required for the Fund to comply with the requirements of the Internal Revenue Code applicable to regulated investment companies.

For more information on the Fund, please visit the Fund’s website at: https://www.insightinvestment.com/united-states/solutions/return-generation/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/20211208006070/en/

Vested

Eric Hazard

917-765-8720

insight@fullyvested.com

Source: Insight Select Income Fund

FAQ

What is the dividend amount declared by Insight Select Income Fund (INSI) in December 2021?

The Insight Select Income Fund declared a quarterly dividend of $0.20 per share in December 2021.

When will the dividend be paid to shareholders of INSI?

The dividend will be paid on December 29, 2021.

What are the ex-dividend and record dates for the December 2021 dividend of INSI?

The ex-dividend date is December 21, 2021, and the record date is December 22, 2021.

What are the short-term and long-term capital gain distributions for INSI?

The short-term capital gain distribution is $0.1493 per share, and the long-term capital gain distribution is $0.1898 per share.