Insight Select Income Fund Declares Quarterly Dividend

Rhea-AI Summary

The Insight Select Income Fund (INSI) has declared a quarterly dividend of $0.18, payable on July 29, 2022, to shareholders who are on record as of July 14, 2022. The ex-dividend date is set for July 13, 2022. Over the last four quarters, total dividends distributed amount to approximately $0.76 per share. The Fund aims for high returns primarily from interest income and trading activities centered around debt securities while focusing on capital appreciation.

Positive

• Quarterly dividend declared at $0.18, indicating potential income for shareholders.
• Total dividend over the last four quarters amounts to $0.76 per share, showing consistency in distributions.

Negative

• A portion of the distribution may be classified as a return of capital, which is not considered income or gains.

NEW YORK--(BUSINESS WIRE)-- The Insight Select Income Fund (INSI) (the “Fund”) today declared a quarterly dividend of $0.18 on June 22, 2022. The total distribution of $0.18 will be payable on July 29, 2022, to shareholders of record at the close of business on July 14, 2022, with an ex-dividend date of July 13, 2022.

The Fund’s last four quarterly dividend payments from ordinary income equates to approximately $0.76 per share.

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/20220622006014/en/

Vested

Eric Hazard

917-765-8720

insight@fullyvested.com

Source: Insight Select Income Fund

FAQ

What is the declared dividend amount for INSI in June 2022?

The declared dividend amount for INSI in June 2022 is $0.18.

When will the dividend for INSI be payable?

The dividend for INSI will be payable on July 29, 2022.

What is the record date for the INSI dividend?

The record date for the INSI dividend is July 14, 2022.

What is the ex-dividend date for INSI?

The ex-dividend date for INSI is July 13, 2022.

What percentage of the INSI distribution may come from sources other than net investment income?

A portion of the INSI distribution may include a return of capital, which is not reported as income.